UBS Group Cuts CRH (NYSE:CRH) Price Target to $135.00

CRH (NYSE:CRH) had its target price cut by UBS Group from $147.00 to $135.00 in a research note released on Tuesday, MarketBeat reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts have also recently issued reports on CRH. Morgan Stanley started coverage on CRH in a report on Friday, September 11th. They issued an “overweight” rating and a $139.00 price target on the stock. Weiss Ratings cut CRH from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Stephens decreased their price target on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Berenberg Bank set a $140.00 price target on CRH in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.77.

CRH Trading Down 1.4%

Shares of NYSE CRH opened at $84.00 on Tuesday. CRH has a twelve month low of $83.48 and a twelve month high of $131.55. The firm has a 50-day moving average of $94.76 and a two-hundred day moving average of $103.31. The company has a market capitalization of $55.89 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.60 and a beta of 1.33.

CRH (NYSE:CRH) last released its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts predict that CRH will post 5.9 earnings per share for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were issued a $0.39 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.9%. CRH’s dividend payout ratio is presently 27.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Waddell & Associates LLC lifted its position in shares of CRH by 3.8% during the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after acquiring an additional 87 shares during the period. Bell Investment Advisors Inc grew its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Acorn Wealth Advisors LLC increased its stake in CRH by 4.3% in the second quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company’s stock valued at $284,000 after purchasing an additional 109 shares in the last quarter. Optas LLC increased its stake in CRH by 4.5% in the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after purchasing an additional 117 shares in the last quarter. Finally, Cloverfields Capital Group LP raised its holdings 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 valued at $3,988,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include aggregates, cement, ready-mixed concrete, asphalt, architectural products, precast concrete and other construction-related materials and services.

The company serves customers across North America and Europe, with operations spanning construction materials, infrastructure products and building solutions. CRH supports projects such as roads, bridges, airports, utilities, commercial buildings and residential developments.

CRH was formed in 1970 through the merger of Cement Limited and Roadstone, two Irish building materials businesses.