CRH Stock Recent News

CRH (CRH) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

CRH vs. AWI: Which Stock Is the Better Value Option?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

CRH PLC CRH, +11.09% on Thursday reported that its pretax profit rose in 2022, reflecting strategic decisions and commercial progress, and declared it will buyback up to $3 billion worth of shares and pursue a U.S. listing.

The Irish construction company CRH has seen a 14% price uptick since I last wrote about it in late November last year. This was to be expected. CRH's fundamentals are strong and valuations are attractive. Its share buyback programme and improved investor sentiment towards cyclical stocks have likely helped too.

Construction company CRH has seen a 15% rise in price in the past month, far outstripping the S&P 500's rise of 5%. But the best is likely yet to come. It stands to benefit from the Inflation Reduction Act, considering that the US is its biggest market. Leading indicators for the construction industry are also encouraging.

CRH's adjusted organic revenue and EBITDA increased by +12% and +13%, respectively on a YoY basis in 1H 2022. The company achieved a good set of interim results, thanks to significant price hikes and its ability to manage energy costs.

CRH PLC (LSE:CRH) forecast a 10% rise in profit for the current year after announcing double-digit earnings growth for the first six months, reflecting price increases to offset inflation.  The US-focused construction materials supplier reported underlying profit (EBITDA) of US$2.2bn for the half-year to 30 June 2022, up from US$1.8bn in the same period last year, on sales up 14% at US$15bn.

Shares in CRH PLC (LSE:CRH), the Dublin-headquartered, FTSE 100-listed but US-focused construction materials supplier, climbed strongly during the pandemic, party on expectations that President Biden's infrastructure bill would lead to strong demand. The shares have waned 18% in 2022 – relatively solid compared to some – helped by a share buyback and a positive first quarter update in April.