CRH (NYSE:CRH) Price Target Raised to $135.00

CRH (NYSE:CRH) had its target price hoisted by JPMorgan Chase & Co. from $130.00 to $135.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

CRH has been the subject of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. UBS Group started coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price on the stock. Finally, Jefferies Financial Group raised CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $129.54.

CRH Stock Down 2.0%

CRH stock opened at $111.17 on Tuesday. The stock has a market cap of $74.78 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.68 and a beta of 1.32. The business has a 50-day simple moving average of $115.83 and a 200 day simple moving average of $104.26. CRH has a 52 week low of $76.75 and a 52 week high of $121.99.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter last year, the firm posted $1.97 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, research analysts anticipate that CRH will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s payout ratio is currently 22.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRH. Alps Advisors Inc. bought a new stake in shares of CRH in the 1st quarter valued at about $325,000. CWM LLC lifted its position in CRH by 56.1% in the first quarter. CWM LLC now owns 23,703 shares of the construction company’s stock valued at $2,085,000 after purchasing an additional 8,515 shares during the last quarter. LRI Investments LLC boosted its stake in shares of CRH by 42.5% during the first quarter. LRI Investments LLC now owns 1,529 shares of the construction company’s stock valued at $134,000 after purchasing an additional 456 shares during the period. Signaturefd LLC boosted its stake in shares of CRH by 3.2% during the first quarter. Signaturefd LLC now owns 17,516 shares of the construction company’s stock valued at $1,541,000 after purchasing an additional 544 shares during the period. Finally, Sigma Planning Corp grew its holdings in shares of CRH by 3.4% in the first quarter. Sigma Planning Corp now owns 4,371 shares of the construction company’s stock worth $385,000 after purchasing an additional 142 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

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.