CRH plc (NYSE:CRH) Given Consensus Rating of “Moderate Buy” by Analysts

CRH plc (NYSE:CRH) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.31.

CRH has been the subject of a number of analyst reports. Jefferies Financial Group increased their target price on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 4th. DA Davidson started coverage on CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 target price on the stock. Truist Financial raised their price target on CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price target (up previously from $80.00) on shares of CRH in a report on Monday, April 15th. Finally, StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th.

Institutional Investors Weigh In On CRH

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC purchased a new stake in shares of CRH in the 3rd quarter worth approximately $941,562,000. International Assets Investment Management LLC bought a new position in shares of CRH during the fourth quarter valued at $3,358,000. Vanguard Group Inc. purchased a new position in shares of CRH in the 3rd quarter worth about $1,484,901,000. Asio Capital LLC boosted its stake in CRH by 75.3% in the 4th quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock worth $3,736,000 after purchasing an additional 23,205 shares in the last quarter. Finally, California Public Employees Retirement System bought a new position in CRH in the 3rd quarter worth about $73,833,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $78.55 on Friday. The business has a 50-day moving average of $82.23 and a 200 day moving average of $70.87. CRH has a 1-year low of $47.14 and a 1-year high of $88.00.

CRH (NYSE:CRH) last issued its earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $8.69 billion during the quarter. As a group, equities analysts anticipate that CRH will post 5.36 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a Variable dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 15th were given a dividend of $0.262 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2%.

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.