Analysts Set CRH plc (NYSE:CRH) PT at $95.70

CRH plc (NYSE:CRH) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $95.70.

A number of research analysts recently commented on CRH shares. Truist Financial increased their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Stephens assumed coverage on shares of CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target on the stock. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Citigroup cut their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, DA Davidson boosted their target price 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.

Institutional Investors Weigh In On CRH

Several hedge funds have recently modified their holdings of CRH. GHP Investment Advisors Inc. raised its stake in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN bought a new position in shares of CRH in the 1st quarter worth $26,000. NBC Securities Inc. lifted its stake in shares of CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares during the last quarter. Rothschild Investment LLC bought a new stake in CRH during the second quarter valued at about $43,000. Finally, Richardson Financial Services Inc. purchased a new position in CRH in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE CRH opened at $90.85 on Wednesday. CRH has a 1-year low of $51.59 and a 1-year high of $94.14. The business has a 50 day simple moving average of $86.22 and a two-hundred day simple moving average of $82.22. The stock has a market capitalization of $62.38 billion, a PE ratio of 15.19, a P/E/G ratio of 1.33 and a beta of 1.30.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, analysts anticipate that CRH will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were given a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 23rd. CRH’s dividend payout ratio (DPR) is 29.77%.

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.