Truist Financial Boosts CRH (NYSE:CRH) Price Target to $120.00

CRH (NYSE:CRH) had its price target lifted by Truist Financial from $110.00 to $120.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts have also weighed in on the company. Barclays initiated coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. DA Davidson increased their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, Citigroup dropped their target price on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.90.

CRH Stock Up 0.0 %

Shares of CRH stock traded up $0.01 during trading on Friday, reaching $100.67. 4,966,516 shares of the company were exchanged, compared to its average volume of 3,639,707. CRH has a twelve month low of $58.12 and a twelve month high of $102.45. The business has a 50-day moving average price of $91.44 and a 200-day moving average price of $84.11.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. Research analysts predict that CRH will post 5.41 EPS for the current year.

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. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators bought a new position in CRH during the 3rd quarter worth $25,000. UMB Bank n.a. increased its position in shares of CRH by 72.7% in 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. GHP Investment Advisors Inc. raised its stake in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in CRH during the third quarter worth about $35,000. Finally, Baillie Gifford & Co. grew its stake in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

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.