Crh Plc (NYSE:CRH) Receives $139.44 Consensus Price Target from Brokerages

Shares of Crh Plc (NYSE:CRH) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $139.44.

Several research analysts recently weighed in on CRH shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Weiss Ratings raised CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Wells Fargo & Company cut their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Jefferies Financial Group lifted their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th.

Institutional Investors Weigh In On CRH

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Norges Bank purchased a new position in CRH in the fourth quarter valued at about $1,476,939,000. State Street Corp raised its position in CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. Geode Capital Management LLC lifted its stake 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 purchasing an additional 5,916,930 shares in the last quarter. Finally, Amundi boosted its position in shares of CRH by 74.7% in the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after buying an additional 2,550,178 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock opened at $100.66 on Friday. CRH has a 1 year low of $94.11 and a 1 year high of $131.55. The firm has a 50 day moving average price of $104.68 and a 200 day moving average price of $110.45. The company has a market cap of $66.97 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.73 and a beta of 1.34.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share 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 company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm posted $1.94 earnings per share. CRH’s revenue was up 5.6% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts predict that CRH will post 5.8 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is presently 27.51%.

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.