CRH's Trading Volume Hits 9.78 Billion, Ranks 65th Amidst Three-Day Decline

Generated by AI AgentAinvest Market Brief
Friday, Mar 28, 2025 8:00 pm ET1min read
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On March 28, 2025, CRH's trading volume reached 9.78 billion, ranking 65th in the day's market. CRH CementCRH-- (CRH) fell by 4.34%, marking its third consecutive day of decline, with a total drop of 10.62% over the past three days.

CRH has expanded its market reach through the acquisition of mulch and soil assets from H&H General Excavating. This strategic move strengthens the product offerings of Oldcastle APG, a subsidiary of CRHCRH--. The acquisition includes both bagged and bulk mulch and soil assets, enhancing CRH's position in the construction materials sector.

CRH, a global manufacturer of building products, operates through a vertically integrated business model. The company's recent acquisition of mulch and soil assets from H&H General Excavating is part of its strategy to expand its market reach and strengthen its product offerings.

CRH has announced a share buyback program, purchasing 1,000,000 of its own shares at an average price of 95.00 dollars per share. This transaction is part of the company's ongoing buyback program, which aims to repurchase shares worth up to 300 million dollars by May 2, 2025. The buyback program reflects CRH's confidence in its financial performance and its commitment to creating value for shareholders.

CRH has projected a normalized EBITDA of between 7.3 and 7.7 billion dollars for 2025, representing an increase from the 6.9 billion dollars achieved in 2024. This projection is based on strong infrastructure and non-residential construction activities, particularly in North America, which contributes approximately 75% to the company's earnings.

Analysts have responded positively to CRH's performance and outlook. Anthony Pettinari from Citi and Brent Thielman from D.A. Davidson have both rated the stock as a "Buy," with price targets of 115 and 120 dollars, respectively. They cite CRH's solid results, strategic share buybacks, and positive market positioning as key factors in their assessments.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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