Crh Plc (NYSE:CRH) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Crh Plc (NYSE:CRH) have been assigned a consensus recommendation of “Buy” from the twenty ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $126.50.

A number of brokerages have commented on CRH. Truist Financial decreased their price objective on CRH from $130.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 5th. Royal Bank Of Canada dropped their target price on CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. BNP Paribas Exane cut their target price on CRH from $157.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. DA Davidson assumed coverage on CRH in a report on Monday, August 24th. They set a “buy” rating and a $137.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on CRH from $159.50 to $126.50 and set a “buy” rating for the company in a report on Monday, August 3rd.

Hedge Funds Weigh In On CRH

A number of hedge funds have recently bought and sold shares of the company. Lmcg Investments LLC raised its holdings in shares of CRH by 5.8% in the third quarter. Lmcg Investments LLC now owns 71,762 shares of the construction company’s stock valued at $5,942,000 after purchasing an additional 3,954 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of CRH by 36.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 5,527 shares of the construction company’s stock valued at $460,000 after purchasing an additional 1,483 shares in the last quarter. Eagle Rock Investment Company LLC purchased a new position in CRH during the third quarter worth about $4,332,000. Crossmark Global Holdings Inc. boosted its holdings in CRH by 781.0% during the third quarter. Crossmark Global Holdings Inc. now owns 122,948 shares of the construction company’s stock worth $10,180,000 after purchasing an additional 108,993 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its holdings in CRH by 42.3% during the third quarter. Physician Wealth Advisors Inc. now owns 582 shares of the construction company’s stock worth $48,000 after purchasing an additional 173 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

NYSE:CRH opened at $85.99 on Thursday. The firm has a 50-day moving average of $88.31 and a 200-day moving average of $100.52. The company has a market cap of $57.21 billion, a PE ratio of 15.17, a PEG ratio of 1.54 and a beta of 1.31. CRH has a one year low of $78.62 and a one year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that CRH will post 5.83 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.8%. CRH’s dividend payout ratio (DPR) is 27.51%.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.