In the most recent trading session, CRH (CRH) closed at $100.33, indicating a +1.05% shift from the previous trading day.
CRH plc is recovering better than its peers, expanding its market presence, and has improved profitability. Their comprehensive portfolio enables the company to enjoy competitive pricing. This led to their growing revenue and margins, despite the challenging operating environment, CRH has positive growth projections in FY 2024.
CRH strengthens its position in California's construction market with the Dutra Materials acquisition.
Does CRH (CRH) have what it takes to be a top stock pick for momentum investors? Let's find out.
CRH plc (NYSE:CRH ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Albert Manifold - Group Chief Executive Tom Holmes - Head of IR Randy Lake - COO Jim Mintern - CFO and CEO Conference Call Participants Anthony Pettinari - Citigroup Keith Hughes - Truist Kathryn Thompson - Thompson Research Ross Harvey - Davy Gregor Kuglitsch - UBS Trey Grooms - Stephens Operator Good day, and welcome to the CRH plc Q3 2024 Results Presentation. My name is Jay, and I'll be your operator today.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's buying CRH
CRH trades at an unjustified discount to US peers, despite superior performance and significant US federal funding backing, enhancing visibility and stability for investors. CRH's recent NYSE listing and potential inclusion in the S&P 500 could unlock substantial value through increased passive flows and market recognition. The firm's vertical integration and extensive track record of outperformance position it uniquely in the building materials sector, offering compelling investment opportunities.
CRH (CRH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
CRH plc benefits from increased government spending on infrastructure, especially during election years, making it a strong player in the construction materials sector. Despite high debt levels, CRH maintains a solid cash position and stable margins, with revenue expected to grow from $36.26 billion to $38.52 billion. The stock trades at a P/E ratio of 16.31 and offers a 1.57% dividend yield, making it reasonably priced with potential for steady earnings growth.
The Investment Committee give you their top stocks to watch for the second half.
In the closing of the recent trading day, CRH (CRH) stood at $82.60, denoting a +1.29% change from the preceding trading day.
CRH specialises in providing building materials solutions globally. Its historical financial results have shown robust top-line growth and margin expansion. Targeted and disciplined acquisitions, such as ADBRI and assets in Texas, are part of CRH's growth strategy to strengthen market positioning and market reach as well as generate cost savings. The reindustrialisation and onshoring trend, along with government infrastructure spending, are expected to further bolster CRH's growth outlook and financial performance.