CRH (NYSE:CRH) Price Target Raised to $135.00 at Wells Fargo & Company

CRH (NYSE:CRH) had its price objective raised by equities researchers at Wells Fargo & Company from $133.00 to $135.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.36% from the stock’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Morgan Stanley boosted their price objective on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Longbow Research assumed coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average target price of $136.27.

CRH Stock Down 0.7%

Shares of CRH traded down $0.90 during trading hours on Friday, reaching $124.59. 2,717,566 shares of the company traded hands, compared to its average volume of 4,771,937. The business has a fifty day moving average price of $125.25 and a 200-day moving average price of $118.35. CRH has a 12-month low of $76.75 and a 12-month high of $131.55. The stock has a market capitalization of $83.51 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.82 and a beta of 1.33.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. CRH had a return on equity of 16.31% and a net margin of 10.02%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts predict that CRH will post 5.47 EPS for the current fiscal year.

Institutional Investors Weigh In On CRH

Several institutional investors have recently bought and sold shares of CRH. Vanguard Group Inc. grew its position in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the period. Norges Bank purchased a new position in shares of CRH during the 4th quarter worth $1,476,939,000. State Street Corp increased its position in shares of CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CRH by 67.3% during the 4th 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 during the last quarter. Finally, Eleva Capital SAS acquired a new position in CRH in the second quarter valued at about $250,562,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Company Profile

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.