Hsbc Global Res upgraded shares of CRH (NYSE:CRH – Free Report) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.
Several other brokerages also recently issued reports on CRH. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday. HSBC initiated coverage on shares of CRH in a research note on Monday. They issued a “buy” rating and a $116.00 target price for the company. Finally, Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $105.55.
View Our Latest Research Report on CRH
CRH Stock Down 2.1 %
CRH Cuts Dividend
The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 32.00%.
Institutional Trading of CRH
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings 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 purchasing an additional 259 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH during the third quarter valued at $35,000. Finally, Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the period. 62.50% of the stock is owned by institutional investors.
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.
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