CRH plc (NYSE:CRH) Receives $109.25 Consensus Price Target from Brokerages

CRH plc (NYSE:CRH) has received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $109.64.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. 111 Capital acquired a new position in CRH in the 4th quarter valued at $372,000. Wealth Enhancement Advisory Services LLC grew its position in CRH by 86.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,894 shares of the construction company’s stock worth $1,563,000 after acquiring an additional 7,813 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of CRH by 1.2% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 193,499 shares of the construction company’s stock valued at $17,903,000 after buying an additional 2,386 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of CRH in the 4th quarter valued at about $43,228,000. Finally, Siemens Fonds Invest GmbH grew its position in shares of CRH by 10.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 27,769 shares of the construction company’s stock valued at $2,568,000 after buying an additional 2,522 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 2.9 %

CRH stock opened at $94.79 on Wednesday. The business’s 50 day simple moving average is $99.81 and its 200 day simple moving average is $96.44. CRH has a 1-year low of $71.18 and a 1-year high of $110.97. The firm has a market capitalization of $64.16 billion, a PE ratio of 18.96, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. CRH’s payout ratio is 15.51%.

About CRH

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.