CRH (NYSE:CRH) Stock Rating Upgraded by DA Davidson

CRH (NYSE:CRH) was upgraded by equities research analysts at DA Davidson to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the company. Stephens reduced their price objective on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Jefferies Financial Group raised their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Truist Financial cut their target price on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company reduced their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $140.57.

CRH Stock Up 0.7%

NYSE:CRH opened at $96.42 on Monday. The company has a market cap of $64.15 billion, a PE ratio of 17.01, a P/E/G ratio of 1.77 and a beta of 1.34. The business’s 50 day moving average is $102.46 and its two-hundred day moving average is $108.14. CRH has a 52 week low of $92.52 and a 52 week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 EPS. As a group, sell-side analysts expect that CRH will post 5.8 EPS for the current fiscal year.

Institutional Investors Weigh In On CRH

A number of large investors have recently made changes to their positions in the company. Waddell & Associates LLC boosted its holdings in shares of CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after buying an additional 87 shares during the last quarter. Larson Financial Group LLC grew its stake in CRH by 6.1% in the 4th quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock valued at $222,000 after buying an additional 102 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of 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 acquiring an additional 103 shares during the period. Acorn Wealth Advisors LLC lifted its holdings in CRH by 4.3% during the 2nd quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company’s stock worth $284,000 after purchasing an additional 109 shares in the last quarter. Finally, Optas LLC increased its position in shares of CRH by 4.5% during the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.