Analysts Set Crh Plc (NYSE:CRH) Price Target at $135.87

Crh Plc (NYSE:CRH) has been assigned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $136.20.

Several research analysts have recently issued reports on CRH shares. Barclays lifted their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $138.00 price target (up previously from $133.00) on shares of CRH in a report on Tuesday. Truist Financial raised their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada cut their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th.

CRH Stock Up 0.6%

Shares of CRH opened at $122.65 on Tuesday. CRH has a 52-week low of $76.75 and a 52-week high of $131.55. The company has a 50-day simple moving average of $121.50 and a 200-day simple moving average of $113.36. The company has a market capitalization of $82.21 billion, a PE ratio of 24.43, a P/E/G ratio of 1.79 and a beta of 1.34.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the business posted $1.97 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, research analysts anticipate that CRH will post 5.47 EPS for the current year.

CRH Announces Dividend

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

Hedge Funds Weigh In On CRH

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in CRH by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock worth $5,912,385,000 after acquiring an additional 649,598 shares during the period. State Street Corp grew its position in shares of CRH by 2.9% in the third quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after purchasing an additional 392,146 shares during the period. Massachusetts Financial Services Co. MA increased its stake in CRH by 24.3% in the second 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 last quarter. Norges Bank acquired a new position in CRH in the second quarter valued at $1,007,932,000. Finally, Boston Partners lifted its position in CRH by 1.7% during the third quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after buying an additional 162,110 shares during the period. 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.