CRH (NYSE:CRH) Coverage Initiated at Longbow Research

Equities researchers at Longbow Research assumed coverage on shares of CRH (NYSE:CRH) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $160.00 price target on the construction company’s stock. Longbow Research’s target price points to a potential upside of 25.84% from the stock’s current price.

A number of other research firms have also recently commented on CRH. Wells Fargo & Company reduced their price objective on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. UBS Group began coverage on shares of CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CRH in a research report on Monday, December 8th. Finally, Sanford C. Bernstein lifted their price target on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Stock Performance

CRH stock opened at $127.14 on Tuesday. The stock has a 50-day simple moving average of $117.54 and a 200 day simple moving average of $107.90. The stock has a market capitalization of $85.22 billion, a P/E ratio of 25.33, a PEG ratio of 2.05 and a beta of 1.34. CRH has a 52 week low of $76.75 and a 52 week high of $128.25.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The firm had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the company earned $1.97 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Research analysts forecast that CRH will post 5.47 earnings per share for the current year.

Institutional Trading of CRH

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new position in shares of CRH in the 2nd quarter valued at $27,000. Park Place Capital Corp raised its position in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. United Community Bank boosted its stake in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after buying an additional 156 shares during the period. Institutional investors own 62.50% of the company’s stock.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.