CRH (NYSE:CRH) Price Target Cut to $133.00 by Analysts at Wells Fargo & Company

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

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a report on Monday, September 22nd. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Morgan Stanley set a $134.00 price target on shares of CRH in a report on Thursday, October 9th. Barclays raised their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. started coverage on shares of CRH in a research report on Friday, October 24th. They issued an “overweight” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $127.43.

CRH Price Performance

Shares of NYSE CRH traded down $1.77 during midday trading on Friday, reaching $113.01. 4,090,235 shares of the stock were exchanged, compared to its average volume of 5,109,999. CRH has a 12 month low of $76.75 and a 12 month high of $121.99. The company has a market capitalization of $76.02 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.68 and a beta of 1.32. The business has a 50-day simple moving average of $115.75 and a two-hundred day simple moving average of $103.61.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the business posted $1.97 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities research analysts expect that CRH will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is presently 22.11%.

Hedge Funds Weigh In On CRH

Several hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new stake in CRH during the second quarter worth about $27,000. Park Place Capital Corp raised its stake in shares of CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. United Community Bank boosted its holdings in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after buying an additional 156 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.