Analysts Set Crh Plc (NYSE:CRH) Price Target at $139.54

Shares of Crh Plc (NYSE:CRH) have been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $139.5385.

A number of research firms have issued reports on CRH. DA Davidson set a $120.00 target price on CRH in a report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company lifted their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd.

Institutional Investors Weigh In On CRH

Several large investors have recently made changes to their positions in CRH. Board of the Pension Protection Fund acquired a new position in CRH in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new stake in CRH during the 4th quarter valued at $26,000. Harbor Investment Advisory LLC raised its position in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of CRH during the fourth quarter worth $33,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of CRH by 29,400.0% in the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after buying an additional 294 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 3.0%

CRH opened at $112.85 on Friday. The firm has a market capitalization of $75.41 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.31. The stock’s 50 day moving average price is $109.82 and its two-hundred day moving average price is $115.91. CRH has a 12-month low of $86.82 and a 12-month high of $131.55.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts anticipate that CRH will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.4%. CRH’s payout ratio is currently 28.89%.

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.