CRH (NYSE:CRH) Price Target Raised to $140.00

CRH (NYSE:CRH) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $135.00 to $140.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.89% from the stock’s previous close.

Several other equities research analysts also recently weighed in on CRH. Wells Fargo & Company upped their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Royal Bank Of Canada decreased their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Morgan Stanley lifted their price objective on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday. 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 research report on Thursday, January 8th. Finally, DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.86.

CRH Stock Performance

Shares of CRH traded down $3.80 during trading hours on Tuesday, hitting $113.92. The stock had a trading volume of 4,961,149 shares, compared to its average volume of 4,920,794. CRH has a 12-month low of $76.75 and a 12-month high of $131.55. The firm has a market cap of $76.13 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.10 and a beta of 1.33. The company’s fifty day simple moving average is $124.54 and its 200 day simple moving average is $119.25.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRH. Vanguard Group Inc. lifted its stake in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. Norges Bank bought a new position in shares of CRH during the 4th quarter valued at $1,476,939,000. State Street Corp lifted its stake in shares of CRH by 81.3% in the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after buying an additional 2,499,558 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.