CRH plc (NYSE:CRH) Receives Consensus Rating of "Buy" from Brokerages

CRH plc (NYSE:CRH - Get Free Report) has received a consensus recommendation of "Buy" from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $106.42.

A number of research analysts recently weighed in on CRH shares. Morgan Stanley lifted their target price on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Barclays started coverage on CRH in a report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 target price for the company. DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. 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. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th.

CRH Trading Up 0.6 %

Shares of CRH traded up $0.53 during mid-day trading on Friday, reaching $93.24. The company had a trading volume of 3,189,876 shares, compared to its average volume of 2,842,988. CRH has a fifty-two week low of $65.74 and a fifty-two week high of $104.23. The firm has a fifty day simple moving average of $98.02 and a 200-day simple moving average of $89.13. The stock has a market cap of $63.33 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a yield of 1.4%. CRH's dividend payout ratio is presently 21.00%.

Institutional Trading of CRH

A number of hedge funds have recently made changes to their positions in CRH. Grove Bank & Trust increased its holdings in CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock valued at $132,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock valued at $567,000 after acquiring an additional 128 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of CRH by 2.9% during 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 in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in CRH by 70.7% during the third 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 last quarter. Institutional investors and hedge funds 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.