Brokerages Set Crh Plc (NYSE:CRH) Price Target at $135.87

Shares of Crh Plc (NYSE:CRH) have received a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $136.20.

Several research analysts have recently issued reports on CRH shares. UBS Group upped their target price on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Citigroup boosted their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Morgan Stanley lifted their target price on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Finally, Truist Financial boosted their target price on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd.

CRH Stock Performance

NYSE:CRH opened at $123.08 on Tuesday. CRH has a 1 year low of $76.75 and a 1 year high of $131.55. The stock has a market cap of $82.50 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.80 and a beta of 1.34. The stock has a 50-day simple moving average of $121.89 and a 200-day simple moving average of $114.06.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities research analysts predict that CRH will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were paid a $0.37 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. CRH’s payout ratio is currently 22.11%.

Hedge Funds Weigh In On CRH

A number of institutional investors have recently modified their holdings of CRH. Norges Bank acquired a new stake in CRH during the 2nd quarter worth $1,007,932,000. Eleva Capital SAS purchased a new stake in shares of CRH in the second quarter valued at about $250,562,000. Massachusetts Financial Services Co. MA raised its holdings in shares of CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after buying an additional 2,499,558 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of CRH during the third quarter worth about $295,798,000. Finally, Marshall Wace LLP grew its holdings in shares of CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after buying an additional 1,881,550 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.