Brokerages Set Crh Plc (NYSE:CRH) Price Target at $129.54

Crh Plc (NYSE:CRH) has been given a consensus rating of “Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $129.5385.

A number of equities research analysts have commented on CRH shares. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. Royal Bank Of Canada decreased their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Bank of America began coverage on shares of CRH in a research note on Friday, September 26th. They set a “buy” rating and a $128.00 target price for the company. Finally, Truist Financial boosted their price target on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd.

CRH Trading Up 3.0%

CRH stock opened at $119.79 on Monday. The stock has a market cap of $80.29 billion, a P/E ratio of 25.06, a PEG ratio of 1.68 and a beta of 1.32. The company has a 50-day moving average price of $115.72 and a 200 day moving average price of $105.38. CRH has a 12-month low of $76.75 and a 12-month high of $121.99.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm earned $1.97 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, analysts forecast that CRH will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio (DPR) is 22.11%.

Institutional Trading of CRH

Several hedge funds have recently made changes to their positions in the business. L2 Asset Management LLC increased its stake in CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after buying an additional 89 shares during the period. UMB Bank n.a. boosted its position in CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after acquiring an additional 96 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of CRH by 3.4% during the third quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after acquiring an additional 100 shares during the period. Finally, Shepherd Financial Partners LLC increased its position in shares of CRH by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Company Profile

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.