CRH plc (NYSE:CRH) Receives $95.70 Average Target Price from Analysts

CRH plc (NYSE:CRH - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $95.70.

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of CRH from $109.00 to $99.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. DA Davidson lifted their price objective on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Truist Financial upped their target price on CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Royal Bank of Canada started coverage on CRH in a research note on Tuesday, May 14th. They issued an "outperform" rating and a $110.00 price target on the stock. Finally, StockNews.com downgraded CRH from a "buy" rating to a "hold" rating in a research report on Friday, August 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. raised its position in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock valued at $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN bought a new position in shares of CRH during the 1st quarter valued at about $26,000. NBC Securities Inc. raised its holdings in shares of CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company's stock valued at $35,000 after buying an additional 173 shares in the last quarter. GAMMA Investing LLC bought a new stake in CRH in the 4th quarter worth approximately $37,000. Finally, Rothschild Investment LLC purchased a new stake in CRH in the second quarter worth approximately $43,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 2.8 %

Shares of NYSE:CRH traded up $2.46 on Friday, reaching $90.77. 6,967,567 shares of the company's stock were exchanged, compared to its average volume of 5,215,731. CRH has a twelve month low of $51.59 and a twelve month high of $91.02. The company has a fifty day moving average of $80.74 and a 200-day moving average of $80.83. The company has a market capitalization of $62.33 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.34 and a beta of 1.30.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data 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 research analysts forecast that CRH will post 5.39 EPS for the current fiscal year.

CRH Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be issued a $0.35 dividend. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, August 23rd. CRH's dividend payout ratio is presently 29.97%.

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.