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

Shares of CRH plc (NYSE:CRH) have been assigned a consensus rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $106.42.

Several research firms have commented on CRH. DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley upped their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, HSBC started coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company.

CRH Trading Up 0.2 %

Shares of NYSE CRH opened at $92.71 on Friday. The stock’s 50-day moving average is $98.02 and its 200 day moving average is $89.13. The stock has a market cap of $62.97 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.25 and a beta of 1.29. CRH has a 1-year low of $65.74 and a 1-year high of $104.23.

CRH Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRH. Tyro Capital Management LLC boosted its stake in shares of CRH by 0.6% during the 3rd quarter. Tyro Capital Management LLC now owns 239,716 shares of the construction company’s stock valued at $22,231,000 after purchasing an additional 1,457 shares in the last quarter. Franklin Resources Inc. lifted its holdings in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares during the period. Decatur Capital Management Inc. bought a new stake in CRH during the 3rd quarter valued at approximately $213,000. Peapack Gladstone Financial Corp purchased a new position in shares of CRH during the 3rd quarter worth approximately $229,000. Finally, Tidal Investments LLC raised its position in shares of CRH by 168.7% in the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 13,868 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.