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

CRH plc (NYSE:CRH) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $95.70.

Several research analysts have recently issued reports on CRH shares. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Truist Financial 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. DA Davidson lifted their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $87.00 to $88.00 in a research note on Tuesday, July 9th. Finally, Citigroup decreased their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. CWM LLC increased its holdings in CRH by 37.4% in the 1st quarter. CWM LLC now owns 2,058 shares of the construction company’s stock worth $178,000 after acquiring an additional 560 shares in the last quarter. NBC Securities Inc. increased its stake in shares of CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. GAMMA Investing LLC raised its position in shares of CRH by 41.6% during the 1st quarter. GAMMA Investing LLC now owns 728 shares of the construction company’s stock worth $63,000 after purchasing an additional 214 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in CRH by 17.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock valued at $79,000 after buying an additional 133 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in CRH by 4.7% in the 1st quarter. Park Avenue Securities LLC now owns 26,206 shares of the construction company’s stock worth $2,261,000 after buying an additional 1,168 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Down 0.2 %

CRH stock opened at $93.48 on Friday. CRH has a 52 week low of $51.59 and a 52 week high of $94.14. The stock has a market capitalization of $64.19 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30. The firm has a 50 day moving average of $88.88 and a 200 day moving average of $82.72.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. On average, equities research analysts expect that CRH will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were issued a $0.35 dividend. This represents a yield of 1.7%. The ex-dividend date was Friday, August 23rd. CRH’s payout ratio is currently 29.62%.

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.