CRH (NYSE:CRH) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of CRH (NYSE:CRH) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Other analysts have also issued reports about the stock. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. HSBC began coverage on shares of CRH in a research note on Monday. They set a “buy” rating and a $116.00 price target for the company. DA Davidson increased their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CRH has an average rating of “Buy” and a consensus price target of $105.55.

CRH Stock Performance

Shares of NYSE CRH opened at $99.89 on Monday. The business’s 50 day moving average price is $92.20 and its 200-day moving average price is $84.62. CRH has a fifty-two week low of $58.57 and a fifty-two week high of $102.51. The company has a market cap of $68.19 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

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

Institutional Trading of CRH

Hedge funds have recently modified their holdings of the company. Grove Bank & Trust raised its stake in shares of CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares in the last quarter. UMB Bank n.a. increased its position in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.