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....
Read the full article on Seeking Alpha
For further details see:
CRH Is Poised To Benefit From A Major Growth Cycle