Crh Plc (NYSE:CRH) Stock Has Average Price Target of $125.97

Shares of Crh Plc (NYSE:CRH) have received an average rating of “Moderate Buy” from the twenty brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $125.97.

A number of research analysts recently issued reports on the stock. Deutsche Bank set a $118.00 target price on shares of CRH in a research report on Friday, October 9th. Wells Fargo & Company lifted their price target on shares of CRH from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, November 6th. Stephens raised their target price on CRH from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Royal Bank Of Canada cut their price target on CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, UBS Group reissued a “buy” rating on shares of CRH in a research note on Monday, November 2nd.

Insider Transactions at CRH

In other CRH news, Director Siobhan Talbot purchased 2,000 shares of CRH stock in a transaction that occurred on Tuesday, November 3rd. The stock was acquired at an average price of $94.63 per share, with a total value of $189,260.00. Following the transaction, the director owned 10,507 shares in the company, valued at $994,277.41. This trade represents a 23.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRH. Acorn Wealth Advisors LLC grew its holdings in shares of CRH by 4.3% during the second quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company’s stock valued at $284,000 after buying an additional 109 shares during the last quarter. Cloverfields Capital Group LP increased its position in shares of CRH by 0.3% during the first quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company’s stock worth $3,988,000 after acquiring an additional 117 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of CRH by 5.9% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,312 shares of the construction company’s stock worth $247,000 after acquiring an additional 129 shares during the last quarter. Narwhal Capital Management lifted its position in CRH by 0.3% in the 3rd quarter. Narwhal Capital Management now owns 50,879 shares of the construction company’s stock valued at $4,213,000 after acquiring an additional 130 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its position in CRH by 6.6% in the 1st quarter. Modern Wealth Management LLC now owns 2,260 shares of the construction company’s stock valued at $240,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $96.21 on Monday. The company has a market cap of $64.00 billion, a P/E ratio of 17.24, a PEG ratio of 1.84 and a beta of 1.33. The stock has a 50 day simple moving average of $87.36 and a two-hundred day simple moving average of $103.16. CRH has a fifty-two week low of $78.62 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 EPS. On average, research analysts predict that CRH will post 5.55 earnings per share for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 13th. CRH’s dividend payout ratio (DPR) is currently 29.27%.

About CRH

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.