Crh Plc (NYSE:CRH) Receives $139.54 Consensus Target Price from Analysts

Shares of Crh Plc (NYSE:CRH) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $139.5385.

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. DA Davidson set a $120.00 price target on CRH in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd.

CRH Trading Up 1.9%

CRH stock opened at $111.45 on Friday. CRH has a 1-year low of $86.82 and a 1-year high of $131.55. The firm has a market cap of $74.47 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.90 and a beta of 1.31. The business’s 50 day moving average is $109.99 and its 200-day moving average is $115.78.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts forecast that CRH will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH’s dividend payout ratio is 28.89%.

Institutional Investors Weigh In On CRH

A number of large investors have recently bought and sold shares of CRH. Board of the Pension Protection Fund bought a new stake in CRH during the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC grew its position in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in CRH during the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. grew its position in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its position in CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. 62.50% of the stock is currently owned by 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.