Crh Plc (NYSE:CRH) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate CRH “Moderate Buy”: 19 of 20 covering firms recommend buying the stock, with one hold rating and an average 12-month price target of $125.97.
• CRH reported quarterly EPS of $2.09, slightly beating estimates of $2.06, while revenue of $11.40 billion fell short of expectations. Revenue increased 3% year over year.
• CRH declared a quarterly dividend of $0.39 per share, equivalent to $1.56 annually and a 1.6% yield.

Crh Plc (NYSE:CRH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $125.97.

CRH has been the topic of a number of research analyst reports. Stephens lifted their price target on CRH from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, November 2nd. Jefferies Financial Group cut their price target on shares of CRH from $159.50 to $126.50 and set a "buy" rating for the company in a report on Monday, August 3rd. JPMorgan Chase & Co. began coverage on shares of CRH in a research note on Tuesday, October 13th. They set an "overweight" rating and a $115.00 target price for the company. DA Davidson decreased their target price on CRH from $117.00 to $114.00 and set a "buy" rating on the stock in a research note on Monday, November 2nd. Finally, BNP Paribas Exane dropped their target price on CRH from $157.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, September 16th.

CRH Stock Up 0.1%

Shares of CRH stock opened at $94.94 on Monday. The firm has a market cap of $63.15 billion, a PE ratio of 17.81, a P/E/G ratio of 1.80 and a beta of 1.33. The business has a 50-day moving average price of $87.17 and a 200 day moving average price of $103.55. CRH has a twelve month low of $78.62 and a twelve month high of $131.55.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.06 by $0.03. The firm had revenue of $11.40 billion for the quarter, compared to analysts' expectations of $11.56 billion. CRH had a net margin of 9.19% and a return on equity of 15.03%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 EPS. On average, sell-side analysts expect that CRH will post 5.55 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 13th. CRH's dividend payout ratio (DPR) is currently 29.27%.

Insider Activity at CRH

In other news, Director Siobhan Talbot acquired 2,000 shares of CRH stock in a transaction on Tuesday, November 3rd. The stock was bought at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the purchase, the director owned 10,507 shares in the company, valued at $994,277.41. This represents a 23.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently bought and sold shares of the business. Acorn Wealth Advisors LLC increased its stake in CRH by 4.3% during the second quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company's stock valued at $284,000 after purchasing an additional 109 shares during the last quarter. Cloverfields Capital Group LP grew its holdings in shares of CRH by 0.3% during the first quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company's stock valued at $3,988,000 after purchasing an additional 117 shares during the last quarter. Angeles Wealth Management LLC raised its position in shares of CRH by 5.9% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,312 shares of the construction company's stock worth $247,000 after purchasing an additional 129 shares during the period. Narwhal Capital Management raised its position in shares of CRH by 0.3% during the 3rd quarter. Narwhal Capital Management now owns 50,879 shares of the construction company's stock worth $4,213,000 after purchasing an additional 130 shares during the period. Finally, Modern Wealth Management LLC raised its position in shares of CRH by 6.6% during the 1st quarter. Modern Wealth Management LLC now owns 2,260 shares of the construction company's stock worth $240,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

About CRH

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building.

CRH's offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance.

The company serves customers across North America and Europe through a network of local businesses and operations.

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