CRH plc (NYSE:CRH) Receives $106.42 Average PT from Analysts

CRH plc (NYSE:CRH) has been given a consensus recommendation of “Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $107.75.

CRH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup dropped their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. lifted its position in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of CRH in the 3rd quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. raised its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Down 1.5 %

CRH stock opened at $92.23 on Friday. The stock has a 50-day moving average price of $97.97 and a two-hundred day moving average price of $89.63. The company has a market cap of $62.64 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. CRH has a 12-month low of $66.42 and a 12-month high of $104.23.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were paid a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 21.00%.

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.