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

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

A number of other equities research analysts have also recently issued reports on CRH. Truist Financial boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and an average price target of $105.55.

CRH Stock Performance

Shares of NYSE:CRH opened at $99.18 on Monday. The company’s 50-day moving average is $91.92 and its 200 day moving average is $84.52. The company has a market capitalization of $67.71 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. CRH has a fifty-two week low of $58.57 and a fifty-two week high of $102.51.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is presently 32.00%.

Hedge Funds Weigh In On CRH

Several hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its position in shares of CRH by 1,973.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 186,403 shares of the construction company’s stock worth $17,287,000 after buying an additional 177,411 shares in the last quarter. Bridgewater Associates LP boosted its position in CRH by 325.8% during the third quarter. Bridgewater Associates LP now owns 24,181 shares of the construction company’s stock valued at $2,243,000 after purchasing an additional 18,502 shares in the last quarter. Hardy Reed LLC bought a new stake in CRH during the third quarter valued at about $235,000. Transamerica Financial Advisors Inc. raised its stake in CRH by 60.3% in the third 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. raised its stake in CRH by 32.4% in the third 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 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.