CRH plc ( (CRH) ) has provided an announcement.
CRH plc announced the acquisition and cancellation of 77,854 of its ordinary shares in the United States as part of a share buyback program aiming to repurchase up to $300 million worth of shares by May 2, 2025. This strategic move is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening the company’s market position.
More about CRH plc
CRH plc operates in the building materials industry, providing a wide range of products and services related to construction and infrastructure development. The company focuses on manufacturing and supplying materials such as cement, aggregates, and ready-mixed concrete, catering to markets across Europe and North America.
YTD Price Performance: -12.27%
Average Trading Volume: 1,000,310
Technical Sentiment Signal: Sell
Current Market Cap: £46.38B
Learn more about CRH stock on TipRanks’ Stock Analysis page.