CRH (NYSE:CRH) Given New $120.00 Price Target at Truist Financial

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

A number of other brokerages have also commented on CRH. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Citigroup cut their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Finally, DA Davidson boosted 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.90.

CRH Trading Up 0.0 %

Shares of CRH stock traded up $0.01 during trading on Friday, reaching $100.67. The company’s stock had a trading volume of 4,966,516 shares, compared to its average volume of 3,639,707. The business’s fifty day moving average price is $91.44 and its 200-day moving average price is $84.11. CRH has a one year low of $58.12 and a one year high of $102.45.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. Equities research analysts forecast that CRH will post 5.41 earnings per share for the current year.

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 issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd.

Hedge Funds Weigh In On CRH

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter worth about $25,000. UMB Bank n.a. increased its holdings in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. GHP Investment Advisors Inc. raised its position in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of CRH during the third quarter valued at $35,000. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. 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.