Analysts Set Crh Plc (NYSE:CRH) Price Target at $140.57

Crh Plc (NYSE:CRH) has been given an average recommendation of “Buy” by the seventeen analysts that are covering the firm, Marketbeat reports. Fifteen analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $140.5733.

A number of research analysts recently issued reports on the stock. Stephens lowered their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Wells Fargo & Company lowered their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. DA Davidson assumed coverage on CRH in a research report on Monday, August 24th. They issued a “buy” rating and a $137.00 price target on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd.

Hedge Funds Weigh In On CRH

Several institutional investors and hedge funds have recently modified their holdings of the stock. Waddell & Associates LLC boosted its stake in shares of CRH by 3.8% during the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after acquiring an additional 87 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of CRH by 6.1% in the 4th 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 in the last quarter. Bell Investment Advisors Inc increased its stake in shares of CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares in the last quarter. Acorn Wealth Advisors LLC raised its holdings in CRH by 4.3% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company’s stock worth $284,000 after purchasing an additional 109 shares during the period. Finally, Optas LLC lifted its position in CRH by 4.5% during the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after purchasing an additional 117 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 0.0%

Shares of CRH stock opened at $95.84 on Wednesday. The business’s fifty day moving average is $101.59 and its 200 day moving average is $107.53. The stock has a market cap of $63.76 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.77 and a beta of 1.34. CRH has a twelve month low of $92.52 and a twelve month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.76% and a net margin of 9.93%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. Equities research analysts expect that CRH will post 5.8 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders 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 of this dividend is Friday, August 14th. CRH’s payout ratio is 27.51%.

About CRH

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.