CRH (NYSE:CRH) Price Target Raised to $120.00

CRH (NYSE:CRH) had its target price hoisted by DA Davidson from $110.00 to $120.00 in a research note issued to investors on Monday,Benzinga reports. DA Davidson currently has a buy rating on the construction company’s stock.

Other analysts have also issued reports about the company. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Morgan Stanley lifted 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, Truist Financial lifted 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. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $105.55.

CRH Stock Down 1.0 %

CRH stock opened at $99.18 on Monday. CRH has a 52 week low of $58.57 and a 52 week high of $102.51. The business’s 50-day moving average price is $91.92 and its 200 day moving average price is $84.52. The firm has a market cap of $67.71 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be issued a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is currently 32.00%.

Institutional Investors Weigh In On CRH

A number of large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its holdings in CRH by 1,973.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 186,403 shares of the construction company’s stock valued at $17,287,000 after buying an additional 177,411 shares during the last quarter. Bridgewater Associates LP grew its holdings in CRH by 325.8% during the 3rd quarter. Bridgewater Associates LP now owns 24,181 shares of the construction company’s stock valued at $2,243,000 after buying an additional 18,502 shares during the last quarter. Hardy Reed LLC acquired a new stake in CRH during the 3rd quarter valued at $235,000. Transamerica Financial Advisors Inc. grew its holdings in CRH by 60.3% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 6,497 shares of the construction company’s stock valued at $603,000 after buying an additional 2,444 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in CRH by 32.4% during the 3rd quarter. D.A. Davidson & CO. now owns 8,762 shares of the construction company’s stock valued at $813,000 after buying an additional 2,144 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.