CRH plc (NYSE:CRH) Receives $112.36 Consensus Target Price from Analysts

CRH plc (NYSE:CRH - Get Free Report) has been assigned a consensus recommendation of "Buy" from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $112.36.

Several research analysts recently commented on the stock. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Loop Capital began coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th.

Hedge Funds Weigh In On CRH

A number of institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors increased its stake in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after buying an additional 109 shares during the period. Diversify Advisory Services LLC raised its holdings in CRH by 5.0% during the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after purchasing an additional 123 shares during the last quarter. Covestor Ltd boosted its position in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares during the last quarter. Parallel Advisors LLC lifted its stake in CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after buying an additional 129 shares during the period. Finally, Callan Family Office LLC grew its position in shares of CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock worth $270,000 after buying an additional 129 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 0.8%

NYSE CRH traded up $0.82 during trading hours on Thursday, hitting $99.55. The company's stock had a trading volume of 928,675 shares, compared to its average volume of 5,803,686. The stock has a fifty day moving average of $91.35 and a 200 day moving average of $96.24. The firm has a market capitalization of $67.26 billion, a P/E ratio of 19.91, a PEG ratio of 1.15 and a beta of 1.33. CRH has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts predict that CRH will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.49%. CRH's dividend payout ratio is currently 23.52%.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.