CRH (NYSE:CRH) Upgraded at StockNews.com

StockNews.com upgraded shares of CRH (NYSE:CRH) from a hold rating to a buy rating in a report published on Monday.

Other equities research analysts have also issued reports about the stock. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. HSBC began coverage on CRH in a research report on Monday. They set a “buy” rating and a $116.00 price objective for the company. Finally, Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $105.55.

CRH Stock Down 1.0 %

NYSE CRH opened at $99.18 on Monday. CRH has a twelve month low of $58.57 and a twelve month high of $102.51. The business has a 50-day moving average price of $91.92 and a 200-day moving average price of $84.52. The firm has a market cap of $67.71 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

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

Institutional Investors Weigh In On CRH

Several institutional investors have recently made changes to their positions in the company. 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 period. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH in the third quarter worth approximately $25,000. UMB Bank n.a. lifted its stake in shares of CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in CRH during the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. grew its position in CRH by 70.7% in the 3rd 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 last quarter. Institutional investors own 62.50% of the company’s stock.

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.