CRH (NYSE:CRH) Price Target Lowered to $132.00 at Wells Fargo & Company

CRH (NYSE:CRH) had its target price lowered by Wells Fargo & Company from $135.00 to $132.00 in a report issued on Wednesday, MarketBeat reports. Wells Fargo & Company currently has an overweight rating on the construction company’s stock.

Several other research firms also recently commented on CRH. Jefferies Financial Group boosted their target price on shares of 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 CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CRH currently has an average rating of “Buy” and an average target price of $141.19.

CRH Stock Performance

CRH stock opened at $102.98 on Wednesday. CRH has a 1 year low of $91.22 and a 1 year high of $131.55. The firm’s 50 day moving average price is $107.79 and its two-hundred day moving average price is $114.29. The firm has a market cap of $68.81 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities analysts predict that CRH will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently made changes to their positions in CRH. NewEdge Advisors LLC raised its holdings in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC boosted its position in CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after acquiring an additional 658 shares during the last quarter. Sivia Capital Partners LLC lifted its position in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares in the last quarter. Sei Investments Co. boosted its stake in shares of CRH by 18.9% during the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after buying an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of CRH by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after buying an additional 2,348 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

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.