CRH Plc (NYSE: CRH) stock fell -2.44% on Monday to $58.74 against a previous-day closing price of $60.21. With 4.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.42 million shares. During the session, the Building Materials company that operates in wider Basic Materials sector, reached to the highest price of $59.79 whereas the lowest price it dropped to was $58.57. The 52-week range on CRH shows that it touched its highest point at $61.47 and its lowest point at $38.33 during that stretch. It currently has a 1-year price target of $69.25. With its current market cap of 46.38 billion, CRH has annualized dividend of $1.39 while the current yield stands at 2.37%. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRH was down-trending over the past week, with a drop of -1.62%, but this was up by 6.82% over a month. Three-month performance surged to 2.67% while six-month performance rose 17.22%. The stock gained 50.50% in the past year, while it has gained 52.18% so far this year. A look at the trailing 12-month EPS for CRH yields 3.89 with Next year EPS estimates of 4.78. For the next quarter, that number is 2.92. This implies an EPS growth rate of 27.36% for this year and 7.89% for next year. EPS is expected to grow by 14.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.71%.
Float and Shares Shorts:
At present, 789.61 million CRH shares are outstanding with a float of 783.27 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.78 million, which was 0.67% higher than short shares on Sep 28, 2023. In addition to Mr. Albert Jude Manifold FCPA, MBA, MBS as the firm’s Group Chief Executive & Executive Director, Mr. Jim Mintern serves as its CFO & Director.
Institutional Ownership:
Through their ownership of 58.42% of CRH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.66% of CRH, in contrast to 17.57% held by mutual funds. As the largest shareholder in CRH with 4.55% of the stake, Cevian Capital AB holds 32,325,389 shares worth 32,325,389. A second-largest stockholder of CRH, Fidelity Management & Research Co, holds 20,784,374 shares, controlling over 2.92% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CRH, holding 20,108,458 shares or 2.83% stake. With a 2.02% stake in CRH, the Government Pension Fund – Global is the largest stakeholder. A total of 14,360,307 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.38% of CRH stock, is the second-largest Mutual Fund holder. It holds 9,805,075 shares valued at 526.01 million. SJP Global Quality Fund holds 0.93% of the stake in CRH, owning 6,639,360 shares worth 356.18 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRH analysts setting a high price target of $86.00 and a low target of $51.00, the average target price over the next 12 months is $69.25. Based on these targets, CRH could surge 46.41% to reach the target high and fall by -13.18% to reach the target low. Reaching the average price target will result in a growth of 17.89% from current levels.
Summary of Insider Activity:
Insiders traded CRH stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 22,586 shares were bought while 58,346 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 347,624 while 278,739 shares were sold.
