CRH (NYSE:CRH) Price Target Raised to $104.00

CRH (NYSE:CRH) had its price objective hoisted by Morgan Stanley from $95.00 to $104.00 in a research note released on Monday,Benzinga reports. Morgan Stanley currently has an overweight rating on the construction company’s stock.

Several other research analysts also recently commented on the stock. Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, DA Davidson raised their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $105.55.

CRH Trading Down 1.0 %

CRH stock opened at $99.18 on Monday. The company has a market capitalization of $67.71 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.45 and a beta of 1.29. CRH has a 1-year low of $58.57 and a 1-year high of $102.51. The firm’s fifty day simple moving average is $91.92 and its 200-day simple moving average is $84.52.

CRH Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 32.00%.

Institutional Trading of CRH

Several institutional investors have recently made changes to their positions in CRH. FMR LLC boosted its position in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. Lazard Asset Management LLC boosted its position in CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after buying an additional 5,068,682 shares in the last quarter. Legal & General Group Plc boosted its position in CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after buying an additional 4,825,752 shares in the last quarter. TD Asset Management Inc boosted its position in CRH by 2,199.7% in the first quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company’s stock valued at $288,383,000 after buying an additional 3,197,092 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in CRH by 1,095.0% in the first quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock valued at $282,512,000 after buying an additional 3,001,488 shares in the last quarter. 62.50% of the stock is currently 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.