Crh Plc (NYSE:CRH) Given Consensus Rating of “Buy” by Brokerages

Shares of Crh Plc (NYSE:CRH) have earned an average rating of “Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $114.18.

CRH has been the subject of a number of research reports. Wall Street Zen upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Finally, Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price target for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRH. Drummond Knight Asset Management Pty Ltd grew its holdings in CRH by 111.3% during the 1st quarter. Drummond Knight Asset Management Pty Ltd now owns 320,842 shares of the construction company’s stock worth $28,224,000 after acquiring an additional 168,995 shares during the period. Modern Wealth Management LLC grew its holdings in CRH by 27.7% during the 1st quarter. Modern Wealth Management LLC now owns 5,223 shares of the construction company’s stock worth $459,000 after acquiring an additional 1,134 shares during the period. Strs Ohio acquired a new stake in CRH during the 1st quarter worth about $19,392,000. Geneos Wealth Management Inc. grew its holdings in CRH by 111.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,125 shares of the construction company’s stock worth $99,000 after acquiring an additional 592 shares during the period. Finally, Focus Partners Wealth grew its holdings in CRH by 5.4% during the 1st quarter. Focus Partners Wealth now owns 300,552 shares of the construction company’s stock worth $26,440,000 after acquiring an additional 15,337 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

NYSE CRH opened at $89.18 on Friday. The business has a fifty day moving average price of $92.67 and a two-hundred day moving average price of $94.66. CRH has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a market capitalization of $60.25 billion, a PE ratio of 18.89, a PEG ratio of 1.35 and a beta of 1.28.

CRH (NYSE:CRH) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. As a group, sell-side analysts expect that CRH will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, May 23rd. 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.