CRH plc (NYSE:CRH) Receives $105.55 Average PT from Brokerages

CRH plc (NYSE:CRH) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $105.55.

Several research firms have recently issued reports on CRH. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

CRH Price Performance

Shares of NYSE CRH opened at $98.29 on Thursday. CRH has a 1-year low of $58.57 and a 1-year high of $102.51. The firm has a market capitalization of $67.10 billion, a PE ratio of 19.66, a P/E/G ratio of 1.44 and a beta of 1.29. The business’s fifty day moving average price is $92.77 and its two-hundred day moving average price is $84.86.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio is 37.20%.

Institutional Investors Weigh In On CRH

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

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.