CRH (NYSE:CRH) Stock Price Down 2.8%

CRH plc (NYSE:CRH - Get Free Report)'s stock price fell 2.8% during mid-day trading on Monday . The company traded as low as $82.79 and last traded at $82.90. 1,090,698 shares were traded during trading, a decline of 79% from the average session volume of 5,207,402 shares. The stock had previously closed at $85.33.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. Stephens began coverage on CRH in a research note on Tuesday, June 18th. They issued an "overweight" rating and a $95.00 price target on the stock. Truist Financial increased 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. Royal Bank of Canada began coverage on CRH in a research report on Tuesday, May 14th. They set an "outperform" rating and a $110.00 price objective for the company. StockNews.com cut CRH from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. Finally, Citigroup dropped their price objective on shares of CRH from $109.00 to $99.00 and set a "buy" rating on the stock in a research note on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.70.

CRH Price Performance

The company has a market cap of $57.53 billion, a P/E ratio of 13.96, a PEG ratio of 1.38 and a beta of 1.30. The stock has a 50-day moving average of $82.02 and a 200 day moving average of $81.27.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.85. The business had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Sell-side analysts predict that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 1.7%. CRH's dividend payout ratio is currently 29.82%.

Institutional Investors Weigh In On CRH

A number of hedge funds and other institutional investors have recently bought and sold shares of CRH. GHP Investment Advisors Inc. raised its position in CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock valued at $25,000 after purchasing an additional 259 shares during the period. First Financial Corp IN purchased a new stake in shares of CRH during the first quarter worth about $26,000. NBC Securities Inc. grew its stake in 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 purchasing an additional 173 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of CRH during the 2nd quarter valued at about $43,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of CRH in the fourth quarter worth about $47,000. Hedge funds and other institutional investors 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.