Crh Plc (NYSE:CRH) Receives $140.57 Average Target Price from Analysts

Crh Plc (NYSE:CRH) has earned an average recommendation of “Buy” from the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $140.5733.

A number of analysts have recently commented on the stock. Truist Financial cut their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Stephens decreased their target price on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. DA Davidson began coverage on shares of CRH in a research note on Monday. They set a “buy” rating and a $137.00 price objective for the company. Finally, Jefferies Financial Group raised their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares in the last quarter. Empowered Funds LLC increased its holdings in CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after buying an additional 658 shares during the last quarter. Sivia Capital Partners LLC raised its position in CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after acquiring an additional 1,579 shares in the last quarter. Sei Investments Co. raised its position in CRH by 18.9% during the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after acquiring an additional 36,238 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $95.84 on Wednesday. The stock has a 50-day simple moving average of $101.59 and a 200 day simple moving average of $107.66. CRH has a 52-week low of $92.52 and a 52-week high of $131.55. The company has a market cap of $63.76 billion, a PE ratio of 16.90, a PEG ratio of 1.76 and a beta of 1.34.

CRH (NYSE:CRH) last released its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.02 by $0.19. The firm had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. On average, research analysts predict that CRH will post 5.8 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio is 27.51%.

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.