Analysts Set CRH plc (NYSE:CRH) Target Price at $95.70

CRH plc (NYSE:CRH) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $95.70.

Several research analysts have commented on CRH shares. Truist Financial raised their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. DA Davidson upped their price objective 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. Citigroup cut their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

CRH Trading Up 0.9 %

NYSE CRH opened at $92.39 on Friday. The stock has a market cap of $63.44 billion, a PE ratio of 15.37, a PEG ratio of 1.30 and a beta of 1.30. CRH has a 12 month low of $51.59 and a 12 month high of $94.14. The company’s 50-day moving average price is $89.68 and its 200-day moving average price is $82.96.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. As a group, sell-side analysts forecast that CRH will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, August 23rd were given a dividend of $0.35 per share. The ex-dividend date was Friday, August 23rd. This represents a yield of 1.7%. CRH’s payout ratio is 26.46%.

Hedge Funds Weigh In On CRH

Several institutional investors and hedge funds have recently bought and sold shares of CRH. CWM LLC grew its stake in CRH by 37.4% during the 1st quarter. CWM LLC now owns 2,058 shares of the construction company’s stock worth $178,000 after buying an additional 560 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after acquiring an additional 173 shares in the last quarter. GAMMA Investing LLC boosted its stake in CRH by 41.6% in the 1st quarter. GAMMA Investing LLC now owns 728 shares of the construction company’s stock worth $63,000 after purchasing an additional 214 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in CRH by 17.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after purchasing an additional 133 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in CRH by 4.7% during the 1st quarter. Park Avenue Securities LLC now owns 26,206 shares of the construction company’s stock valued at $2,261,000 after purchasing an additional 1,168 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.