CRH (NYSE:CRH) Upgraded at StockNews.com

StockNews.com upgraded shares of CRH (NYSE:CRH) from a hold rating to a buy rating in a research note released on Thursday morning.

CRH has been the topic of several other research reports. DA Davidson lifted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 0.9 %

Shares of CRH stock opened at $102.46 on Thursday. CRH has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a fifty day moving average of $98.60 and a 200-day moving average of $95.34. The company has a market capitalization of $69.59 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is presently 21.00%.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently bought and sold shares of CRH. Park Square Financial Group LLC bought a new position in shares of CRH during the 4th quarter worth approximately $32,000. Brucke Financial Inc. bought a new position in CRH during the fourth quarter worth $608,000. Jefferies Financial Group Inc. increased its holdings in shares of CRH by 70.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 61,078 shares of the construction company’s stock valued at $5,654,000 after purchasing an additional 25,278 shares during the last quarter. Capital A Wealth Management LLC acquired a new position in shares of CRH in the fourth quarter valued at $345,000. Finally, Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter valued at about $32,000. Institutional investors 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.