CRH (NYSE:CRH) Stock Price Target Raised at Wells Fargo & Company

CRH (NYSE:CRH – Free Report) had its price objective upped by Wells Fargo & Company from $100.00 to $107.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

CRH has been the subject of a number of other research reports. Royal Bank Of Canada decreased their price target on shares of CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Barclays dropped their price objective on shares of CRH from $131.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Deutsche Bank Aktiengesellschaft set a $118.00 price objective on shares of CRH in a report on Friday, October 9th. Truist Financial boosted their target price on shares of CRH from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Finally, DA Davidson lowered their target price on shares of CRH from $117.00 to $114.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $125.97.

Get Our Latest Stock Report on CRH

CRH Stock Down 0.5%

NYSE:CRH traded down $0.51 on Friday, hitting $94.94. The stock had a trading volume of 6,110,227 shares, compared to its average volume of 5,551,596. CRH has a 52 week low of $78.62 and a 52 week high of $131.55. The business’s fifty day moving average is $87.17 and its 200 day moving average is $103.55. The company has a market cap of $63.16 billion, a PE ratio of 17.81, a P/E/G ratio of 1.85 and a beta of 1.33.

CRH (NYSE:CRH – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03. CRH had a return on equity of 15.03% and a net margin of 9.19%. The firm had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.56 billion. During the same quarter in the previous year, the company posted $2.21 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts predict that CRH will post 5.55 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 13th. CRH’s payout ratio is presently 29.27%.

Insider Activity at CRH

In related news, Director Siobhan Talbot purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average cost of $94.63 per share, with a total value of $189,260.00. Following the acquisition, the director owned 10,507 shares of the company’s stock, valued at $994,277.41. This represents a 23.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Trading of CRH

Large investors have recently added to or reduced their stakes in the stock. Amundi raised its position in CRH by 74.7% in the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after acquiring an additional 2,550,178 shares during the period. Bank of America Corp DE increased its stake in shares of CRH by 3.8% during the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after purchasing an additional 216,822 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CRH by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock worth $507,784,000 after purchasing an additional 297,309 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of CRH by 4.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after purchasing an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock worth $228,994,000 after purchasing an additional 477,242 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About CRH

(Get Free Report)

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building.

CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance.

The company serves customers across North America and Europe through a network of local businesses and operations.

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Analyst Recommendations for CRH (NYSE:CRH)

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