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

Shares of CRH plc (NYSE:CRH) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $106.42.

A number of equities analysts have issued reports on the stock. 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. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Barclays initiated coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Grove Bank & Trust lifted its position in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. grew its stake 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 valued at $28,000 after acquiring an additional 125 shares in the last quarter. CVA Family Office LLC increased its position in shares of CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after acquiring an additional 128 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after acquiring an additional 135 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

CRH stock opened at $100.24 on Thursday. CRH has a fifty-two week low of $59.98 and a fifty-two week high of $102.51. The stock’s fifty day moving average is $93.66 and its two-hundred day moving average is $85.35. The firm has a market capitalization of $68.08 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is 37.20%.

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.