Truist Financial Issues Positive Forecast for CRH (NYSE:CRH) Stock Price

CRH (NYSE:CRH - Free Report) had its target price hoisted by Truist Financial from $110.00 to $120.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the construction company's stock.

CRH has been the subject of several other research reports. Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. DA Davidson lifted their target price on shares of CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. StockNews.com cut shares of CRH from a "buy" rating to a "hold" rating in a research report on Friday, August 16th. Finally, Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $101.90.

CRH Price Performance

Shares of CRH stock traded up $0.05 during trading hours on Friday, hitting $100.71. 4,966,514 shares of the company's stock traded hands, compared to its average volume of 4,905,275. The stock's 50 day simple moving average is $91.00 and its 200 day simple moving average is $83.83. CRH has a 12 month low of $58.12 and a 12 month high of $102.45.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share 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. As a group, equities analysts expect that CRH will post 5.45 EPS for the current year.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be paid a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%.

Institutional Investors Weigh In On CRH

Several hedge funds and other institutional investors have recently modified their holdings of CRH. Dupont Capital Management Corp bought a new position in shares of CRH in the first quarter valued at $13,492,000. Norden Group LLC bought a new stake in CRH during the 1st quarter worth approximately $311,000. Private Advisor Group LLC lifted its holdings in shares of CRH by 8.9% in the first quarter. Private Advisor Group LLC now owns 5,662 shares of the construction company's stock valued at $488,000 after purchasing an additional 463 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of CRH by 211.8% during the first quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company's stock valued at $3,337,000 after buying an additional 26,276 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in CRH by 41.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 25,409 shares of the construction company's stock worth $2,192,000 after buying an additional 7,414 shares in the last quarter. 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.