Brokerages Set CRH plc (NYSE:CRH) Price Target at $109.25

CRH plc (NYSE:CRH) has been assigned an average rating of “Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $109.64.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. Finally, Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

CRH Trading Up 0.2 %

CRH stock opened at $98.34 on Wednesday. The stock has a market cap of $66.56 billion, a P/E ratio of 19.67, a PEG ratio of 1.15 and a beta of 1.30. CRH has a twelve month low of $71.18 and a twelve month high of $110.97. The company’s 50 day moving average is $100.05 and its two-hundred day moving average is $96.62.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio is 15.51%.

Hedge Funds Weigh In On CRH

A number of hedge funds and other institutional investors have recently bought and sold shares of CRH. Arkadios Wealth Advisors lifted its stake in shares of CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares during the period. Covestor Ltd lifted its position in CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company’s stock valued at $70,000 after purchasing an additional 128 shares during the period. Parallel Advisors LLC boosted its holdings in CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after purchasing an additional 129 shares in the last quarter. First Eagle Investment Management LLC increased its position in CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock worth $405,000 after purchasing an additional 136 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after buying an additional 150 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.