Cevian Capital AB recently announced the acquisition of new stake in CRH Plc (NYSE:CRH). This fresh investment now brings its stake to 4.63% valued currently at $2.03 billion. In addition, Fidelity Management & Research Co raised its holdings by 0.4 million to 21.19 million shares.
With over 4.53 million CRH Plc (CRH) shares trading Tuesday and a closing price of $69.09 on the day, the dollar volume was approximately $312.88 million. The shares have shown a positive half year performance of 27.64% and its price on 01/09/24 gained nearly 0.28%. Currently, there are 789.29M common shares owned by the public and among those 782.85M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for CRH have a consensus price objective of $75.17. The analysts have set the share’s price value over the next 12 months at a high of $90.00 and a low of $58.00. The average price target is 7.84% above its recent price level and a downside to the estimated low will see the stock lose -19.12% over that period. But an upside of 23.23% will see the stock hit the forecast high price target while median target price for the stock is $75.00.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 347,624 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 278,739 shares.
The top 3 mutual fund holders in CRH Plc are Government Pension Fund – Global, Vanguard Total International Stoc, and SJP Global Quality Fund. Government Pension Fund – Global owns 14.36 million shares of the company’s stock, all valued at over $901.11 million. The company bought an additional 1.59 million shares recently to bring their total holdings to about 2.06% of the shares outstanding. Vanguard Total International Stoc bought 82021.0 shares to see its total holdings expand to 9.81 million shares valued at over $615.27 million and representing 1.40% of the shares outstanding. SJP Global Quality Fund bought 1.27 million shares to bring its total holdings to over 6.64 million shares at a value of $416.62 million. SJP Global Quality Fund now owns shares totaling to 0.95% of the shares outstanding.
Shares of CRH Plc (NYSE: CRH) opened at $67.83, down -$1.07 from a prior closing price of $68.90. However, the script later moved the day high at 69.22, up 0.28%. The company’s stock has a 5-day price change of 1.19% and 21.57% over the past three months. CRH shares are trading -0.10% year to date (YTD), with the 12-month market performance up to 58.39% higher. It has a 12-month low price of $43.27 and touched a high of $69.47 over the same period. CRH has an average intraday trading volume of 3.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.47%, 10.33%, and 24.13% respectively.
Institutional ownership of CRH Plc (NYSE: CRH) shares accounts for 54.88% of the company’s 789.29M shares outstanding. Mutual fund holders own 19.75%, while other institutional holders and individual stakeholders account for 44.52% and — respectively.
It has a market capitalization of $54.53B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 17.78, while the earnings-per-share (ttm) stands at $3.89. The company has a PEG of 1.30 and a Quick Ratio of 0.96 with the debt-to-equity ratio at 0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.98% over the week and 1.53% over the month.
Analysts forecast that CRH Plc (CRH) will achieve an EPS of $Comstock Resources, Inc. for the current quarter, $9.25 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Cardinal Health, Inc. while analysts give the company a high EPS estimate of $RH. Comparatively, EPS for the current quarter was $Cornerstone Total Return Fund, a year ago. Earnings per share for the fiscal year are expected to increase by 29.26%, and 8.70% over the next financial year. EPS should shrink at an annualized rate of 13.63% over the next five years, compared to 14.71% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate CRH Plc (CRH) as a “Strong Buy” at a consensus score of 1.41. Specifically, 18 Wall Street analysts polled rate the stock as a buy, while 3 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CRH, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on December 14, 2023, with the firm’s price target at $81.
