CRH plc (NYSE:CRH) Receives $105.55 Average PT from Analysts

Shares of CRH plc (NYSE:CRH - Get Free Report) have been assigned an average rating of "Buy" from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $105.55.

Several research firms recently commented on CRH. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target on the stock. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Monday. HSBC started coverage on shares of CRH in a research note on Monday. They set a "buy" rating and a $116.00 target price on the stock. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday. Finally, Hsbc Global Res upgraded CRH to a "strong-buy" rating in a research note on Monday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Europe London LLP lifted its position in shares of CRH by 7.4% during the third quarter. Point72 Europe London LLP now owns 519,718 shares of the construction company's stock valued at $48,199,000 after buying an additional 35,863 shares during the last quarter. Fred Alger Management LLC acquired a new stake in CRH during the 3rd quarter worth approximately $610,000. Captrust Financial Advisors lifted its position in shares of CRH by 15.9% during the 3rd quarter. Captrust Financial Advisors now owns 7,958 shares of the construction company's stock worth $738,000 after purchasing an additional 1,091 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of CRH in the 3rd quarter valued at $1,224,000. Finally, Suvretta Capital Management LLC increased its position in CRH by 24.7% in the 3rd quarter. Suvretta Capital Management LLC now owns 538,894 shares of the construction company's stock valued at $49,977,000 after acquiring an additional 106,910 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH stock traded up $0.71 during midday trading on Thursday, reaching $99.89. The stock had a trading volume of 4,765,146 shares, compared to its average volume of 4,891,005. The stock's 50-day simple moving average is $92.20 and its 200 day simple moving average is $84.62. The stock has a market capitalization of $68.19 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. CRH has a twelve month low of $58.57 and a twelve month high of $102.51.

CRH Cuts Dividend

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

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.