Wells Fargo & Company Boosts CRH (NYSE:CRH) Price Target to $135.00

CRH (NYSE:CRH) had its price target boosted by equities researchers at Wells Fargo & Company from $133.00 to $135.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 8.81% from the company’s previous close.

A number of other equities analysts also recently commented on CRH. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Morgan Stanley boosted their price target on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Citigroup raised their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. UBS Group boosted their target price on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average price target of $136.27.

CRH Trading Down 1.1%

CRH opened at $124.07 on Friday. The company has a market capitalization of $83.16 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.87 and a beta of 1.33. CRH has a 12-month low of $76.75 and a 12-month high of $131.55. The business’s fifty day simple moving average is $125.20 and its 200-day simple moving average is $118.67.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts predict that CRH will post 5.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in CRH by 158.5% during the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after acquiring an additional 5,316 shares in the last quarter. Empowered Funds LLC boosted its position in CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after purchasing an additional 1,579 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of CRH by 7.4% in the second quarter. Stratos Wealth Partners LTD. now owns 3,218 shares of the construction company’s stock valued at $295,000 after buying an additional 222 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of CRH by 255.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.