CRH (NYSE:CRH) Price Target Raised to $120.00 at Truist Financial

CRH (NYSE:CRH) had its price target raised by Truist Financial from $110.00 to $120.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Citigroup lowered their target price 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. DA Davidson boosted their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Finally, StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.55.

CRH Trading Up 1.6 %

Shares of CRH stock opened at $102.31 on Friday. CRH has a twelve month low of $58.57 and a twelve month high of $102.51. The firm’s 50-day moving average price is $91.44 and its 200 day moving average price is $84.19. The firm has a market capitalization of $69.84 billion, a PE ratio of 20.46, a P/E/G ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The firm 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. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 37.20%.

Hedge Funds Weigh In On CRH

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC grew its stake in CRH by 35,497.5% during the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after purchasing an additional 5,068,682 shares in the last quarter. Legal & General Group Plc raised its holdings in CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after acquiring an additional 4,825,752 shares in the last quarter. TD Asset Management Inc lifted its stake in CRH by 2,199.7% in the first quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company’s stock worth $288,383,000 after acquiring an additional 3,197,092 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of CRH by 1,095.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock valued at $282,512,000 after purchasing an additional 3,001,488 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of CRH by 103.9% in the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after purchasing an additional 2,365,589 shares in 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.