CRH (NYSE:CRH) Shares Gap Up – Still a Buy?

Crh Plc (NYSE:CRH)’s share price gapped up prior to trading on Monday . The stock had previously closed at $119.49, but opened at $127.00. CRH shares last traded at $126.3130, with a volume of 3,716,586 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CRH shares. JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft set a $139.00 price target on shares of CRH in a research report on Monday. Bank of America started coverage on CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective on the stock. Finally, Morgan Stanley set a $134.00 target price on CRH in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average target price of $130.21.

CRH Trading Up 5.7%

The firm has a market capitalization of $84.68 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.88 and a beta of 1.35. The firm has a fifty day moving average price of $116.68 and a 200 day moving average price of $106.53.

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

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s dividend payout ratio is 22.11%.

Institutional Investors Weigh In On CRH

Several hedge funds and other institutional investors have recently made changes to their positions in CRH. Norges Bank acquired a new position in CRH in the second quarter valued at approximately $1,007,932,000. Nuveen LLC bought a new stake in shares of CRH during the 1st quarter valued at $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares during the last quarter. Eleva Capital SAS bought a new stake in shares of CRH during the 2nd quarter valued at $250,562,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CRH by 24.3% in the 2nd 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 purchasing an additional 2,499,558 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

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.