Brokerages Set CRH plc (NYSE:CRH) Price Target at $95.70

CRH plc (NYSE:CRH) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $95.70.

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

CRH Trading Down 0.4 %

Shares of NYSE CRH opened at $91.83 on Friday. The company has a market capitalization of $63.06 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.30 and a beta of 1.30. CRH has a 12 month low of $51.59 and a 12 month high of $94.14. The stock has a 50 day moving average of $89.25 and a 200-day moving average of $82.79.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. Analysts predict that CRH will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

The firm also recently announced 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 dividend yield of 1.7%. The ex-dividend date was Friday, August 23rd. CRH’s dividend payout ratio is presently 29.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. increased its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. First Financial Corp IN bought a new position in CRH in the 1st quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the period. NBC Securities Inc. grew its holdings in CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in CRH in the 2nd quarter valued at approximately $43,000. Institutional investors own 62.50% of the company’s stock.

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.