Analysts Set CRH plc (NYSE:CRH) Price Target at $107.75

Shares of CRH plc (NYSE:CRH) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $107.75.

A number of equities research analysts have weighed in on CRH shares. DA Davidson boosted 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 Monday, November 11th. HSBC assumed coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. JPMorgan Chase & Co. raised their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. 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.

Institutional Investors Weigh In On CRH

A number of large investors have recently bought and sold shares of the company. FMR LLC lifted its position in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the period. Franklin Resources Inc. lifted its holdings in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after buying an additional 1,148,708 shares during the period. State Street Corp boosted its stake in shares of CRH by 4.9% in the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after buying an additional 618,786 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after acquiring an additional 35,209 shares during the period. Finally, Geode Capital Management LLC raised its position in CRH by 2.1% during the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after acquiring an additional 165,825 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.7 %

Shares of CRH stock opened at $97.36 on Tuesday. CRH has a twelve month low of $71.18 and a twelve month high of $104.23. The company’s 50 day moving average is $97.23 and its 200 day moving average is $92.31. The company has a market cap of $66.13 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is presently 21.00%.

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.