Analysts Set CRH plc (NYSE:CRH) Price Target at $74.64

Shares of CRH plc (NYSE:CRH - Get Free Report) have received an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $74.64.

CRH has been the topic of several recent analyst reports. Truist Financial boosted their target price on CRH from $81.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. StockNews.com upgraded CRH from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, March 27th. Jefferies Financial Group boosted their price target on CRH from $89.70 to $100.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Vertical Research began coverage on CRH in a research note on Friday, March 22nd. They set a "buy" rating and a $105.00 price target on the stock. Finally, DA Davidson assumed coverage on CRH in a research note on Friday, January 19th. They issued a "buy" rating and a $82.00 target price on the stock.

CRH Stock Performance

CRH stock traded up $1.12 during trading on Wednesday, hitting $85.51. The company had a trading volume of 2,919,811 shares, compared to its average volume of 3,744,036. CRH has a 1-year low of $46.84 and a 1-year high of $88.00. The firm has a 50-day moving average price of $79.39 and a 200-day moving average price of $67.71.

CRH Dividend Announcement

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 15th will be paid a dividend of $0.262 per share. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 2%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Orion Capital Management LLC boosted its stake in shares of CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company's stock valued at $28,000 after buying an additional 200 shares during the period. Pinnacle Bancorp Inc. bought a new position in CRH in the 4th quarter worth $30,000. UMB Bank n.a. bought a new position in CRH in the 4th quarter worth $33,000. WASHINGTON TRUST Co bought a new position in CRH in the 4th quarter worth $35,000. Finally, Chilton Capital Management LLC bought a new position in CRH in the 4th quarter worth $35,000. Institutional investors and hedge funds 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.