CRH (NYSE:CRH) Price Target Raised to $140.00

CRH (NYSE:CRH) had its price objective boosted by Truist Financial from $125.00 to $140.00 in a report issued on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

Several other equities analysts have also recently weighed in on the company. Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Bank of America started coverage on CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Royal Bank Of Canada raised their target price on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $124.31.

CRH Stock Down 0.9%

NYSE CRH opened at $120.01 on Thursday. The firm has a 50-day moving average price of $110.42 and a two-hundred day moving average price of $98.42. CRH has a 12-month low of $76.75 and a 12-month high of $121.88. The company has a market capitalization of $80.72 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.74 and a beta of 1.32.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.12). The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. Equities analysts expect that CRH will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s payout ratio is 23.22%.

Hedge Funds Weigh In On CRH

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new stake in shares of CRH during the second quarter worth $27,000. Park Place Capital Corp grew its position in 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 acquiring an additional 115 shares during the last quarter. 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. GW&K Investment Management LLC increased its holdings in CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after purchasing an additional 208 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after purchasing an additional 306 shares during 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.