Crh Plc (CRH) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts remain bullish on CRH: Twenty analysts give the stock a consensus “Buy” rating, with 18 buys, one hold, and one strong buy. The average 12-month price target is $127.61.
• Several firms recently lowered their price targets, including Truist and Stephens to $105, though they maintained positive ratings. CRH opened at $79.29, near its 52-week low of $78.62.
• CRH exceeded quarterly expectations, reporting EPS of $2.21 versus $2.02 expected and revenue of $10.78 billion, up 5.6% year over year. The company also pays an annualized dividend of $1.56 per share, yielding about 2.0%.

Shares of Crh Plc (NYSE:CRH - Get Free Report) have received a consensus rating of "Buy" from the twenty analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $127.61.

CRH has been the subject of a number of research analyst reports. Truist Financial lowered their price target on CRH from $130.00 to $105.00 and set a "buy" rating for the company in a report on Monday, October 5th. Stephens dropped their price target on CRH from $125.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday, October 2nd. DA Davidson initiated coverage on CRH in a research note on Monday, August 24th. They set a "buy" rating and a $137.00 price objective on the stock. Rothschild & Co Redburn reduced their price objective on CRH from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, October 1st. Finally, Wells Fargo & Company decreased their price objective on shares of CRH from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Monday, October 5th.

CRH Stock Performance

NYSE:CRH opened at $79.29 on Thursday. The company has a market capitalization of $52.75 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. CRH has a one year low of $78.62 and a one year high of $131.55. The stock has a 50-day simple moving average of $89.87 and a 200 day simple moving average of $101.22.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%. The firm had revenue of $10.78 billion for the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. CRH's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that CRH will post 5.83 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 14th. CRH's dividend payout ratio is 27.51%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mather Group LLC. raised its stake in shares of CRH by 142.2% during the third quarter. Mather Group LLC. now owns 125,057 shares of the construction company's stock valued at $10,355,000 after purchasing an additional 73,419 shares in the last quarter. Reliant Investment Management LLC acquired a new stake in CRH in the third quarter worth about $3,997,000. First Citizens Bank & Trust Co. acquired a new stake in CRH in the third quarter worth about $871,000. B. Riley Wealth Advisors Inc. lifted its holdings in CRH by 29.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,082 shares of the construction company's stock worth $504,000 after purchasing an additional 1,382 shares during the period. Finally, Krilogy Financial LLC grew its position in CRH by 15.0% in the 3rd quarter. Krilogy Financial LLC now owns 39,335 shares of the construction company's stock valued at $3,188,000 after buying an additional 5,145 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Company Profile

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.

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