CRH (NYSE:CRH) Stock Gets Price Target Reduction from Wells Fargo & Company

Key Points

• Wells Fargo cut CRH’s price target from $106 to $100 but maintained an “overweight” rating, implying roughly 11.2% upside from the stock’s $89.90 price.
• Analyst sentiment remains positive overall: CRH has a consensus “Buy” rating and an average price target of $126.18, despite several firms recently lowering their targets.
• CRH slightly beat quarterly EPS expectations at $2.09 versus $2.06, but revenue of $11.40 billion missed estimates and earnings declined from $2.21 a year earlier, reflecting ongoing cost and housing-market pressures.

CRH (NYSE:CRH - Get Free Report) had its target price cut by equities research analysts at Wells Fargo & Company from $106.00 to $100.00 in a research report issued on Friday, Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's target price points to a potential upside of 11.23% from the company's current price.

CRH has been the topic of a number of other research reports. Barclays dropped their price target on CRH from $131.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Morgan Stanley assumed coverage on shares of CRH in a report on Friday, September 11th. They issued an "overweight" rating and a $139.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of CRH in a report on Tuesday, October 13th. They issued an "overweight" rating and a $115.00 price target for the company. Rothschild & Co Redburn dropped their price objective on shares of CRH from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Finally, Truist Financial dropped their price objective on shares of CRH from $130.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $126.18.

CRH Stock Down 0.8%

Shares of NYSE CRH traded down $0.72 during trading hours on Friday, hitting $89.90. 3,278,155 shares of the stock were exchanged, compared to its average volume of 4,962,788. CRH has a 12 month low of $78.62 and a 12 month high of $131.55. The firm has a fifty day moving average price of $87.24 and a 200-day moving average price of $104.44. The company has a market cap of $59.81 billion, a PE ratio of 15.83, a PEG ratio of 1.57 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. The company had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.56 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. CRH's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $2.21 earnings per share. As a group, equities analysts anticipate that CRH will post 5.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CRH

Several large investors have recently made changes to their positions in the company. Amundi increased its stake in shares of CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company's stock worth $627,126,000 after buying an additional 2,550,178 shares during the period. Bank of America Corp DE lifted its stake in CRH by 3.8% in the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company's stock worth $623,203,000 after acquiring an additional 216,822 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in CRH by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company's stock worth $507,784,000 after acquiring an additional 297,309 shares in the last quarter. Lazard Asset Management LLC grew its holdings in CRH by 4.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company's stock worth $245,460,000 after acquiring an additional 93,106 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company's stock valued at $228,994,000 after purchasing an additional 477,242 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Key CRH News

Here are the key news stories impacting CRH this week:

• Positive Sentiment: $6 billion share buyback: CRH announced a new repurchase program, which could support earnings per share and signal management’s confidence that the stock is undervalued. CRH stock faces lower 2026 outlook as $6 billion buyback launches
• Positive Sentiment: Quarterly dividend maintained: Investors of record on November 13 will receive $0.39 per share on December 9, equivalent to $1.56 annually and a yield of approximately 1.7%. CRH plc declares quarterly dividend
• Positive Sentiment: EPS exceeded expectations: Third-quarter adjusted earnings per share came in at $2.09 versus the $2.06 consensus estimate. CRH also completed its $8.5 billion acquisition of Arcosa, expanding its construction-materials platform. CRH Q3 results and Arcosa acquisition
• Neutral Sentiment: Longer-term synergies: CRH projects $7.8 billion-$8.0 billion of 2026 adjusted EBITDA and expects its Velocity program to deliver $400 million of annual run-rate benefits by 2028. CRH EBITDA outlook and Velocity targets
• Negative Sentiment: Revenue and profit pressures: Third-quarter revenue of $11.40 billion missed the $11.56 billion consensus, while EPS fell from $2.21 a year earlier. Rising costs, weak housing activity and margin pressure prompted CRH to reduce or tighten its 2026 outlook, overshadowing the modest EPS beat. CRH Q3 earnings and revenue miss

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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