Crh Plc (NYSE:CRH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Crh Plc (NYSE:CRH) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $141.40.

A number of equities research analysts have commented on CRH shares. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group lifted their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in 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 buying an additional 14,623,673 shares during the period. Norges Bank bought a new stake in shares of CRH during the 4th quarter valued at $1,476,939,000. State Street Corp raised its position in shares of CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the period. Finally, Amundi boosted its position in shares of CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 2.2%

CRH traded down $2.36 during trading on Tuesday, hitting $105.22. The company’s stock had a trading volume of 140,116 shares, compared to its average volume of 5,046,205. The stock has a market capitalization of $70.31 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. The firm’s 50 day moving average price is $108.49 and its two-hundred day moving average price is $114.72. CRH has a 12 month low of $91.22 and a 12 month high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.07 billion. The company’s 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. On average, sell-side analysts forecast that CRH will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

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