Crh Plc (NYSE:CRH) Receives $139.44 Average Price Target from Analysts

Shares of Crh Plc (NYSE:CRH) have been assigned a consensus rating of “Buy” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $139.44.

A number of research firms have recently weighed in on CRH. Truist Financial dropped their target price on CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. Wells Fargo & Company lowered their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd.

CRH Trading Up 3.9%

Shares of NYSE CRH opened at $98.67 on Friday. CRH has a 1-year low of $94.11 and a 1-year high of $131.55. The company has a 50-day moving average of $105.22 and a two-hundred day moving average of $111.01. The company has a market cap of $65.93 billion, a PE ratio of 17.40, a P/E/G ratio of 1.66 and a beta of 1.34.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The business had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. CRH’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts forecast that CRH will post 5.89 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 14th. CRH’s dividend payout ratio is currently 27.51%.

Institutional Trading of CRH

A number of institutional investors have recently bought and sold shares of CRH. Waddell & Associates LLC boosted its holdings in CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after purchasing an additional 87 shares during the period. PDS Planning Inc increased its holdings in shares of CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after purchasing an additional 89 shares during the period. Larson Financial Group LLC increased its holdings in shares of CRH by 6.1% during the fourth quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock worth $222,000 after purchasing an additional 102 shares during the period. Bell Investment Advisors Inc raised its position in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares in the last quarter. Finally, Optas LLC raised its position in shares of CRH by 4.5% in the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.