CRH (NYSE:CRH – Get Free Report) had its price objective dropped by stock analysts at Wells Fargo & Company from $135.00 to $132.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 27.90% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Jefferies Financial Group lifted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus price target of $141.19.
Check Out Our Latest Analysis on CRH
CRH Trading Down 2.8%
CRH (NYSE:CRH – Get Free Report) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts forecast that CRH will post 5.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CRH
Hedge funds have recently made changes to their positions in the business. Manitou Investment Management Ltd. increased its position in CRH by 906.6% during the 2nd quarter. Manitou Investment Management Ltd. now owns 153,577 shares of the construction company’s stock valued at $16,433,000 after purchasing an additional 138,320 shares during the period. GAMMA Investing LLC increased its position in shares of CRH by 28.1% during the second quarter. GAMMA Investing LLC now owns 5,738 shares of the construction company’s stock valued at $614,000 after buying an additional 1,257 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in CRH in the second quarter worth about $688,000. Versant Capital Management Inc lifted its holdings in CRH by 11.9% in the second quarter. Versant Capital Management Inc now owns 5,904 shares of the construction company’s stock worth $632,000 after buying an additional 629 shares during the period. Finally, Hilltop National Bank boosted its position in CRH by 31.2% during the 2nd quarter. Hilltop National Bank now owns 996 shares of the construction company’s stock valued at $107,000 after acquiring an additional 237 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
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.
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