Crh Plc (NYSE:CRH) Given Consensus Rating of “Buy” by Brokerages

Crh Plc (NYSE:CRH) has earned an average recommendation of “Buy” from the seventeen analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $141.1857.

Several research firms recently commented on CRH. Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Jefferies Financial Group boosted their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Wells Fargo & Company dropped their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd.

Institutional Investors Weigh In On CRH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. State Street Corp increased its stake in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC raised its holdings in CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in CRH by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after purchasing an additional 78,769 shares during the period. Finally, Norges Bank acquired a new position in CRH during the 4th quarter worth approximately $1,476,939,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock traded up $0.29 during trading on Tuesday, hitting $104.65. 1,996,992 shares of the stock traded hands, compared to its average volume of 4,513,190. The firm has a market capitalization of $69.93 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.32. The firm’s fifty day moving average price is $107.40 and its 200-day moving average price is $114.08. CRH has a 52-week low of $91.22 and a 52-week high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings data 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 net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts expect that CRH will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

CRH Company Profile

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.