Morgan Stanley Increases CRH (NYSE:CRH) Price Target to $141.00

CRH (NYSE:CRH) had its target price lifted by Morgan Stanley from $140.00 to $141.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 24.24% from the company’s previous close.

A number of other brokerages have also weighed in on CRH. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a report on Monday, December 8th. Longbow Research started coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price on the stock. UBS Group boosted their price target on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. boosted their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.86.

CRH Price Performance

NYSE CRH opened at $113.49 on Monday. CRH has a 12 month low of $76.75 and a 12 month high of $131.55. The company has a 50-day moving average of $124.28 and a 200-day moving average of $119.27. The company has a market cap of $75.84 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.05 and a beta of 1.33.

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

Institutional Investors Weigh In On CRH

Several hedge funds have recently modified their holdings of the stock. Alpine Global Management LLC boosted its holdings in CRH by 1,490.4% in the 4th quarter. Alpine Global Management LLC now owns 35,688 shares of the construction company’s stock worth $4,454,000 after acquiring an additional 33,444 shares during the period. Banque Transatlantique SA raised its stake in shares of CRH by 1.8% during the fourth quarter. Banque Transatlantique SA now owns 318,068 shares of the construction company’s stock valued at $39,610,000 after purchasing an additional 5,632 shares during the period. Pacer Advisors Inc. acquired a new position in shares of CRH during the fourth quarter worth $6,671,000. Kera Capital Partners Inc. boosted its stake in shares of CRH by 12.0% in the fourth quarter. Kera Capital Partners Inc. now owns 2,292 shares of the construction company’s stock valued at $281,000 after purchasing an additional 245 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of CRH in the fourth quarter valued at $275,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

About CRH

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.