CRH (NYSE:CRH) Price Target Raised to $120.00

CRH (NYSE:CRH) had its price target boosted by DA Davidson from $110.00 to $120.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities analysts have also recently issued reports about the stock. Truist Financial raised their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Morgan Stanley upped their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Finally, Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $105.55.

CRH Stock Down 1.3 %

Shares of CRH stock opened at $98.61 on Monday. The firm has a fifty day moving average of $92.20 and a 200-day moving average of $84.62. The company has a market capitalization of $67.32 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.44 and a beta of 1.29. CRH has a 12-month low of $58.57 and a 12-month high of $102.51.

CRH Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRH. Dupont Capital Management Corp bought a new position in shares of CRH during the 1st quarter valued at $13,492,000. Private Advisor Group LLC increased its holdings in shares of CRH by 8.9% in the first quarter. Private Advisor Group LLC now owns 5,662 shares of the construction company’s stock worth $488,000 after buying an additional 463 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CRH by 41.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 25,409 shares of the construction company’s stock valued at $2,192,000 after acquiring an additional 7,414 shares during the last quarter. Empowered Funds LLC boosted its holdings in CRH by 45.1% during the 1st quarter. Empowered Funds LLC now owns 9,062 shares of the construction company’s stock valued at $782,000 after acquiring an additional 2,818 shares during the period. Finally, SG Americas Securities LLC grew its position in CRH by 510.9% during the 1st quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock worth $1,963,000 after acquiring an additional 19,027 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.