Analysts Set Crh Plc (NYSE:CRH) PT at $141.40

Shares of Crh Plc (NYSE:CRH) have been assigned a consensus recommendation of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $141.1857.

A number of equities analysts have issued reports on the company. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group lifted their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company cut their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th.

Institutional Trading of CRH

Large investors have recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new position in CRH in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in CRH in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC increased its holdings in shares of CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of CRH during the fourth quarter valued at approximately $33,000. Finally, Meeder Asset Management Inc. raised its position in shares of CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after purchasing an additional 294 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE:CRH opened at $102.63 on Tuesday. The company has a market capitalization of $68.58 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.82 and a beta of 1.32. The business’s 50-day moving average is $107.08 and its 200-day moving average is $113.82. CRH has a 1 year low of $91.22 and a 1 year high of $131.55.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts anticipate that CRH will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

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.