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

Shares of CRH plc (NYSE:CRH) have received a consensus rating of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $106.42.

A number of research firms have weighed in on CRH. JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. HSBC started coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. Finally, Morgan Stanley lifted their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tyro Capital Management LLC boosted its position 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 acquiring an additional 1,457 shares during the last quarter. Franklin Resources Inc. raised its stake in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. Decatur Capital Management Inc. bought a new stake in CRH during the third quarter valued at approximately $213,000. Peapack Gladstone Financial Corp purchased a new position in CRH in the 3rd quarter worth approximately $229,000. Finally, Tidal Investments LLC increased its holdings 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 buying an additional 13,868 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.2 %

NYSE:CRH opened at $92.71 on Friday. CRH has a 12 month low of $65.74 and a 12 month high of $104.23. The stock has a market capitalization of $62.97 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.25 and a beta of 1.29. The firm has a fifty day simple moving average of $98.02 and a two-hundred day simple moving average of $89.13.

CRH Cuts Dividend

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

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.