Why the CSR Limited share price is up 40% in 12 months

Shares in building products supplier and manufacturer CSR Limited (ASX: CSR) continue to zoom upwards, opening up today to $5.42 at the time of writing – a 52-week high for the stock.

CSR hold interests in the smelting of aluminium through its 70% stake in Gove Aluminum Finance Limited, with building products customers across Australia and New Zealand.

Shares in CSR have been steadily on the up since August 2017 and are currently 40% above their 52-week low of $3.85, but there has been very little news out of CSR in the last 6 months, with the company due to release its FY18 report on April 23.

Despite its quiet-achiever status CSR has most likely been working hard to leverage an infrastructure boom across the country, as larger-players such as property and infrastructure giant Lendlease Group (ASX: LLC) and residential developer Stockland Corporation Ltd (ASX: SGP) pour their energies into higher-density residential opportunities – no doubt leading to an increase in demand for materials that CSR can provide.

Certainly one to watch as the announcement of FY18 results approaches.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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