CRH (NYSE:CRH) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of CRH (NYSE:CRH - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, November 11th. 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. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective on the stock. Finally, Citigroup lowered their price objective on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CRH has an average rating of "Moderate Buy" and an average target price of $107.75.

CRH Stock Down 2.3 %

CRH stock traded down $2.33 during midday trading on Wednesday, reaching $100.26. The stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,183,856. CRH has a 12 month low of $71.18 and a 12 month high of $110.97. The firm's 50-day moving average price is $97.93 and its 200 day moving average price is $94.36. The firm has a market capitalization of $68.09 billion, a PE ratio of 20.05, a P/E/G ratio of 1.19 and a beta of 1.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CRH. Blue Trust Inc. grew its holdings in shares of CRH by 235.6% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the construction company's stock worth $264,000 after purchasing an additional 1,998 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in CRH by 47.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company's stock worth $3,098,000 after buying an additional 10,729 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in CRH by 26.3% in the third quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company's stock worth $894,000 after buying an additional 2,010 shares in the last quarter. Narwhal Capital Management boosted its stake in CRH by 29.3% in the third quarter. Narwhal Capital Management now owns 64,324 shares of the construction company's stock worth $5,965,000 after buying an additional 14,567 shares in the last quarter. Finally, TFG Advisers LLC purchased a new stake in CRH in the third quarter worth approximately $290,000. Hedge funds and other institutional investors 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.