CRH - CRH Is Poised To Benefit From A Major Growth Cycle
2024-05-24 11:56:32 ET
Summary
- CRH, a cyclical construction materials business, is in the early stages of a major growth cycle.
- Strategic acquisitions in North America and expansion into new geographic regions are driving growth opportunities.
- Shareholder returns through dividends and share repurchases are expected to continue, expected to be $3 billion for shareholders in 2024.
Investors looking to diversify their holdings with real assets may be considering real estate or utilities. I have taken an alternative approach and invested in CRH ( CRH ) the cyclical construction materials business, which, I believe, is in the early stages of a major growth cycle. Following an impressive 60% share price growth over the last 12 months, fueled by a growing demand for their products as well as share repurchases, I still see value, and I believe this share price growth is set to continue. Strategic acquisitions expanding the business's geographic footprint, particularly in North America, should prove to be a shrewd decision to capture market share from the upcoming Infrastructure projects that are expected to create a generational supercycle of investment across the Transportation and Infrastructure sectors.
Introduction
As a leading supplier of products to the construction industry, this Ireland-based company has expanded into markets far beyond the borders of the Emerald Isle. With revenues of $35 billion across 29 countries and a market leadership position in North America and Europe, growth opportunities abound with the projected spend on Transportation and Infrastructure projects across both regions....
CRH Is Poised To Benefit From A Major Growth Cycle