CRH (NYSE:CRH) Price Target Raised to $116.00 at DA Davidson

CRH (NYSE:CRH) had its price target increased by DA Davidson from $110.00 to $116.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. DA Davidson’s price target indicates a potential upside of 3.06% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Vertical Research raised shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. UBS Group initiated coverage on shares of CRH in a report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price on the stock. Bank of America started coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 target price on the stock. Finally, Morgan Stanley set a $134.00 target price on shares of CRH in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus target price of $129.54.

CRH Price Performance

CRH opened at $112.56 on Wednesday. CRH has a 1-year low of $76.75 and a 1-year high of $121.99. The firm has a market capitalization of $75.71 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The company’s 50 day simple moving average is $115.81 and its two-hundred day simple moving average is $104.15.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the business posted $1.97 EPS. CRH’s revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts anticipate that CRH will post 5.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CRH

Several large investors have recently made changes to their positions in the company. L2 Asset Management LLC boosted its position in shares of CRH by 3.0% during the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after buying an additional 89 shares during the period. UMB Bank n.a. raised its stake in CRH by 34.8% during the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after acquiring an additional 92 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its position in CRH by 3.4% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after acquiring an additional 100 shares during the period. Shepherd Financial Partners LLC grew its stake in shares of CRH by 0.3% in the third quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 106 shares in the last quarter. Finally, Mission Wealth Management LP increased its holdings in shares of CRH by 1.1% during the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds 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.