Wells Fargo & Company Lowers CRH (NYSE:CRH) Price Target to $133.00

CRH (NYSE:CRH) had its price objective lowered by stock analysts at Wells Fargo & Company from $135.00 to $133.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 17.69% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Truist Financial lifted their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. DA Davidson restated a “neutral” rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. UBS Group assumed coverage on shares of CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price for the company. Finally, Bank of America began coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $127.43.

CRH Stock Down 1.5%

CRH stock opened at $113.01 on Friday. CRH has a twelve month low of $76.75 and a twelve month high of $121.99. The company has a market cap of $76.02 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The business’s fifty day moving average is $115.75 and its 200-day moving average is $103.73.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Research analysts anticipate that CRH will post 5.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CRH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRH. Vanguard Group Inc. raised its stake in shares of CRH by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after purchasing an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after buying an additional 2,499,558 shares in the last quarter. Norges Bank acquired a new stake in CRH in the 2nd quarter valued at approximately $1,007,932,000. Bank of New York Mellon Corp lifted its stake in CRH by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock valued at $1,173,615,000 after acquiring an additional 603,082 shares in the last quarter. Finally, Boston Partners lifted its stake in CRH by 9.4% in the 2nd quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock valued at $888,810,000 after acquiring an additional 832,027 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

About CRH

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.