Analysts Set CRH plc (NYSE:CRH) PT at $112.36

CRH plc (NYSE:CRH) has received an average rating of “Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. One 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 1 year target price among brokerages that have issued ratings on the stock in the last year is $112.36.

A number of brokerages have weighed in on CRH. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Wednesday. Royal Bank of Canada reduced their target price on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a report on Tuesday. Finally, Loop Capital initiated 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.

CRH Stock Up 0.8 %

Shares of NYSE:CRH opened at $94.70 on Thursday. The company has a market cap of $63.98 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.15 and a beta of 1.33. The business has a fifty day simple moving average of $91.43 and a 200-day simple moving average of $96.17. CRH has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH (NYSE:CRH) last posted its quarterly earnings data 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 9.86% and a return on equity of 16.35%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. Sell-side analysts expect that CRH will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. CRH’s dividend payout ratio (DPR) is presently 23.52%.

Hedge Funds Weigh In On CRH

A number of institutional investors have recently made changes to their positions in CRH. Orion Capital Management LLC bought a new position in shares of CRH in the 4th quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in CRH during the 4th quarter worth $32,000. Park Square Financial Group LLC acquired a new stake in CRH in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. lifted its stake in CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock valued at $33,000 after buying an additional 240 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new position in shares of CRH during the fourth quarter valued at $37,000. 62.50% of the stock is owned by institutional investors and hedge funds.

About CRH

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.