CRH (NYSE:CRH) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of CRH (NYSE:CRH) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on CRH. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Truist Financial lifted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson increased their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Finally, HSBC assumed coverage on CRH in a research report on Monday. They issued a “buy” rating and a $116.00 target price on the stock. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $105.55.

CRH Stock Down 1.0 %

Shares of NYSE CRH opened at $99.18 on Monday. The firm has a 50-day simple moving average of $91.92 and a 200-day simple moving average of $84.52. The stock has a market capitalization of $67.71 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. CRH has a 52 week low of $58.57 and a 52 week high of $102.51.

CRH Cuts Dividend

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

Institutional Investors Weigh In On CRH

A number of institutional investors and hedge funds have recently modified their holdings of the company. Grove Bank & Trust boosted its stake in shares of CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares during the last quarter. UMB Bank n.a. boosted its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. CVA Family Office LLC grew its stake in CRH by 2.1% in the 3rd 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 period. Lindbrook Capital LLC raised its holdings in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after acquiring an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.