Longbow Research Begins Coverage on CRH (NYSE:CRH)

Equities researchers at Longbow Research assumed coverage on shares of CRH (NYSE:CRH) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $160.00 price target on the construction company’s stock. Longbow Research’s price target suggests a potential upside of 29.97% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Morgan Stanley raised their price objective on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. 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 for the company. Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.60.

CRH Trading Down 3.0%

Shares of NYSE CRH opened at $123.10 on Tuesday. The stock has a market capitalization of $82.51 billion, a PE ratio of 24.52, a PEG ratio of 2.06 and a beta of 1.35. The stock has a fifty day simple moving average of $117.87 and a 200-day simple moving average of $108.26. CRH has a twelve month low of $76.75 and a twelve month high of $128.95.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.94 by $0.27. The business had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts predict that CRH will post 5.47 earnings per share for the current year.

Institutional Investors Weigh In On CRH

Institutional investors and hedge funds have recently made changes to their positions in the business. United Community Bank grew its holdings in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in CRH during the 3rd quarter valued at approximately $32,000. Cornerstone Planning Group LLC lifted its position in CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after acquiring an additional 156 shares during the period. Creekmur Asset Management LLC acquired a new stake in CRH during the 2nd quarter worth approximately $27,000. Finally, Park Place Capital Corp lifted its position in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares during the period. 62.50% of the stock is owned by hedge funds and other 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.