CRH (NYSE:CRH) Price Target Raised to $135.00 at Wells Fargo & Company

CRH (NYSE:CRH) had its target price upped by Wells Fargo & Company from $133.00 to $135.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Several other brokerages have also weighed in on CRH. Royal Bank Of Canada cut their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. DA Davidson set a $120.00 price objective on CRH in a report on Friday. Citigroup lifted their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. UBS Group raised their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.27.

CRH Price Performance

NYSE CRH opened at $124.07 on Friday. The company has a 50-day moving average of $125.20 and a 200-day moving average of $118.52. CRH has a 12 month low of $76.75 and a 12 month high of $131.55. The company has a market cap of $83.16 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.90 and a beta of 1.33.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts anticipate that CRH will post 5.47 EPS for the current year.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.3%. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. CRH’s dividend payout ratio is 20.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after buying an additional 14,623,673 shares in the last quarter. Norges Bank acquired a new stake in shares of CRH during the fourth quarter valued at about $1,476,939,000. State Street Corp increased its position in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the last quarter. Finally, Eleva Capital SAS acquired a new position in shares of CRH in the second quarter worth about $250,562,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.