CRH plc (NYSE:CRH) Given Average Rating of “Buy” by Analysts

Shares of CRH plc (NYSE:CRH) have received an average rating of “Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $107.75.

Several research analysts have issued reports on CRH shares. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Truist Financial boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday.

Institutional Trading of CRH

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised its position in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter worth about $25,000. UMB Bank n.a. boosted 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 buying an additional 125 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of CRH in the 3rd quarter worth approximately $35,000. Finally, Baillie Gifford & Co. raised its stake in shares of 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 acquiring an additional 162 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.1 %

CRH stock opened at $92.37 on Friday. The stock has a market cap of $62.74 billion, a PE ratio of 18.47, a P/E/G 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. The company has a 50-day moving average price of $97.84 and a 200 day moving average price of $89.67.

CRH Cuts Dividend

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

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.