CRH (NYSE:CRH) Receives Neutral Rating from DA Davidson

DA Davidson restated their neutral rating on shares of CRH (NYSE:CRH - Free Report) in a research report report published on Thursday morning, Marketbeat.com reports. The firm currently has a $105.00 price objective on the construction company's stock, down from their prior price objective of $120.00.

Other equities analysts have also recently issued reports about the company. Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. Sanford C. Bernstein assumed coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective for the company. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Royal Bank Of Canada cut their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of "Moderate Buy" and a consensus price target of $112.82.

CRH Price Performance

NYSE CRH traded down $0.70 during trading on Thursday, reaching $95.19. The company's stock had a trading volume of 2,318,304 shares, compared to its average volume of 4,880,017. The stock has a market capitalization of $64.32 billion, a PE ratio of 20.17, a P/E/G ratio of 1.49 and a beta of 1.26. The firm has a fifty day moving average of $93.39 and a 200 day moving average of $94.52. CRH has a one year low of $74.03 and a one year high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.77 billion. Research analysts expect that CRH will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.

Institutional Investors Weigh In On CRH

Several institutional investors and hedge funds have recently bought and sold shares of the business. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in CRH in the 2nd quarter worth approximately $246,000. Diversified Trust Co lifted its holdings in CRH by 5.8% in the 2nd quarter. Diversified Trust Co now owns 13,266 shares of the construction company's stock worth $1,218,000 after buying an additional 730 shares during the period. Assenagon Asset Management S.A. lifted its holdings in CRH by 53.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,088,050 shares of the construction company's stock worth $99,883,000 after buying an additional 376,975 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in CRH in the 2nd quarter worth approximately $211,000. Finally, Fulton Bank N.A. lifted its holdings in CRH by 9.2% in the 2nd quarter. Fulton Bank N.A. now owns 8,982 shares of the construction company's stock worth $825,000 after buying an additional 755 shares during the period. Hedge funds and other institutional investors 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.