CRH plc (NYSE:CRH – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 22,193 call options on the company. This represents an increase of approximately 539% compared to the average volume of 3,474 call options.
CRH Stock Performance
Shares of CRH stock traded down $1.37 during mid-day trading on Tuesday, hitting $71.59. 2,095,201 shares of the stock were exchanged, compared to its average volume of 5,464,641. The company has a market capitalization of $49.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.24 and a beta of 1.30. The company has a 50-day simple moving average of $78.99 and a 200 day simple moving average of $77.24. CRH has a 12 month low of $51.59 and a 12 month high of $88.00.
CRH (NYSE:CRH – Get Free Report) last issued its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.60 billion. Analysts predict that CRH will post 5.35 EPS for the current year.
CRH Increases Dividend
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Vertical Research assumed coverage on shares of CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target for the company. Truist Financial raised their target price on CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price target (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Jefferies Financial Group raised their price objective on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, StockNews.com cut CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.11.
Check Out Our Latest Stock Analysis on CRH
Institutional Investors Weigh In On CRH
A number of hedge funds and other institutional investors have recently bought and sold shares of CRH. Massmutual Trust Co. FSB ADV increased its position in shares of CRH by 17.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after purchasing an additional 133 shares during the last quarter. Janiczek Wealth Management LLC raised its position in CRH by 3.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock valued at $329,000 after purchasing an additional 155 shares in the last quarter. NBC Securities Inc. lifted its stake in CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in CRH by 30.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after purchasing an additional 183 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in CRH by 25.6% during the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.
CRH Company Profile
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.
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