CRH (NYSE:CRH) Coverage Initiated at Stephens

Stephens started coverage on shares of CRH (NYSE:CRHFree Report) in a report issued on Tuesday, Marketbeat.com reports. The firm issued an overweight rating and a $95.00 price target on the construction company’s stock.

Several other brokerages also recently commented on CRH. Citigroup increased their price objective on shares of CRH from $101.00 to $106.00 and gave the company a buy rating in a research report on Friday, April 5th. Truist Financial increased their price objective on shares of CRH from $95.00 to $100.00 and gave the company a buy rating in a research report on Monday, May 13th. Stifel Nicolaus reissued a hold rating and set a $82.00 price objective (up from $80.00) on shares of CRH in a research report on Monday, April 15th. Vertical Research began coverage on shares of CRH in a research report on Friday, March 22nd. They set a buy rating and a $105.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on shares of CRH in a research report on Tuesday, May 14th. They set an outperform rating and a $110.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CRH has a consensus rating of Moderate Buy and an average price target of $93.11.

Check Out Our Latest Research Report on CRH

CRH Trading Down 0.4 %

Shares of CRH stock opened at $75.69 on Tuesday. The company has a 50-day moving average of $79.45 and a 200 day moving average of $76.75. CRH has a 1 year low of $51.59 and a 1 year high of $88.00.

CRH (NYSE:CRHGet Free Report) last issued its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.60 billion. Equities research analysts forecast that CRH will post 5.36 EPS for the current fiscal year.

CRH Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.35 per share. This represents a dividend yield of 1.7%. This is a boost from CRH’s previous Variable dividend of $0.23. The ex-dividend date of this dividend is Thursday, May 23rd.

Hedge Funds Weigh In On CRH

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in CRH by 10,886.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 86,025 shares of the construction company’s stock worth $7,421,000 after purchasing an additional 85,242 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in CRH by 7.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 396,410 shares of the construction company’s stock worth $34,194,000 after purchasing an additional 28,000 shares during the period. Cetera Advisors LLC bought a new position in CRH in the 1st quarter worth $1,277,000. Cetera Investment Advisers increased its stake in CRH by 286.4% in the 1st quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock worth $4,671,000 after buying an additional 40,135 shares in the last quarter. Finally, Atria Investments Inc increased its stake in CRH by 161.7% in the 1st quarter. Atria Investments Inc now owns 56,665 shares of the construction company’s stock worth $4,888,000 after buying an additional 35,009 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

About CRH

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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.

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Analyst Recommendations for CRH (NYSE:CRH)

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