CRH (NYSE:CRH) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of CRH (NYSE:CRH) from a buy rating to a strong-buy rating in a research note published on Wednesday.

Several other equities analysts have also commented on the stock. Truist Financial increased their price objective on shares of CRH from $81.00 to $95.00 and gave the company a buy rating in a research report on Monday, March 4th. DA Davidson assumed coverage on shares of CRH in a research report on Friday, January 19th. They set a buy rating and a $82.00 price target for the company. Jefferies Financial Group raised their price target on shares of CRH from $89.70 to $100.00 and gave the stock a buy rating in a research report on Monday, March 4th. Finally, Vertical Research assumed coverage on shares of CRH in a research report on Friday, March 22nd. They set a buy rating and a $105.00 price target for the company. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CRH presently has a consensus rating of Buy and an average price target of $74.64.

CRH Stock Up 0.3 %

Shares of CRH stock opened at $86.26 on Wednesday. The company has a 50 day moving average price of $78.47 and a 200 day moving average price of $66.89. CRH has a 52 week low of $46.84 and a 52 week high of $88.00.

CRH Dividend Announcement

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, April 17th. Stockholders 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 Investors Weigh In On CRH

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of CRH during the 3rd quarter worth approximately $1,484,901,000. Barclays PLC acquired a new stake in shares of CRH during the 3rd quarter worth approximately $941,562,000. Norges Bank acquired a new stake in shares of CRH during the 4th quarter worth approximately $1,014,454,000. Greenhaven Associates Inc. grew its stake in shares of CRH by 0.9% during the 4th quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock worth $770,576,000 after purchasing an additional 103,510 shares during the period. Finally, Invesco Ltd. grew its stake in CRH by 1,136.3% in the 3rd quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock valued at $469,982,000 after acquiring an additional 7,892,691 shares during the period. 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.