CRH (NYSE:CRH) Price Target Raised to $141.00

CRH (NYSE:CRH) had its price target boosted by Morgan Stanley from $140.00 to $141.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada dropped their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Longbow Research began coverage on shares of CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. Citigroup raised their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 8th. Finally, DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

CRH Trading Down 0.1%

Shares of CRH stock opened at $113.44 on Monday. CRH has a 12 month low of $76.75 and a 12 month high of $131.55. The stock has a market capitalization of $75.80 billion, a P/E ratio of 20.55, a PEG ratio of 1.98 and a beta of 1.33. The firm’s 50 day moving average is $124.00 and its 200 day moving average is $119.22.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the firm earned $1.02 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts predict that CRH will post 5.47 EPS for the current year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 20.11%.

Institutional Trading of CRH

Institutional investors and hedge funds have recently made changes to their positions in the stock. Board of the Pension Protection Fund bought a new position in CRH in the fourth quarter valued at $25,000. Harbor Investment Advisory LLC increased its position in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of CRH during the 4th quarter valued at about $26,000. United Community Bank lifted its position in CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its stake in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares in the last quarter. Hedge funds and other institutional investors 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.