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

CRH plc (NYSE:CRH) has earned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $105.55.

A number of equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley raised their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday.

Institutional Investors Weigh In On CRH

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GHP Investment Advisors Inc. raised its position in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after acquiring an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in CRH during the third quarter valued at $25,000. UMB Bank n.a. raised its holdings 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 during the period. Meeder Asset Management Inc. bought a new position in shares of CRH in the 3rd quarter worth about $35,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.0 %

CRH opened at $99.18 on Thursday. The business’s fifty day simple moving average is $91.92 and its 200 day simple moving average is $84.52. CRH has a 52 week low of $58.57 and a 52 week high of $102.51. The firm has a market cap of $67.71 billion, a P/E ratio of 19.84, a PEG ratio of 1.45 and a beta of 1.29.

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 paid 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 (DPR) is currently 32.00%.

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.