CRH (NYSE:CRH) Issues Earnings Results

CRH (NYSE:CRHGet Free Report) issued its quarterly earnings data on Friday. The construction company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04, reports. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion.

CRH Stock Up 4.3 %

CRH opened at $83.77 on Monday. The company has a fifty day moving average price of $82.34 and a two-hundred day moving average price of $72.51. CRH has a 52 week low of $47.14 and a 52 week high of $88.00.

CRH Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, May 24th will be issued a $0.35 dividend. This is a positive change from CRH’s previous Variable dividend of $0.23. The ex-dividend date is Thursday, May 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRH. First Financial Corp IN bought a new stake in CRH in the first quarter valued at approximately $26,000. Orion Capital Management LLC raised its stake in CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after buying an additional 200 shares during the period. NBC Securities Inc. lifted its holdings in CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in CRH in the fourth quarter valued at about $30,000. Finally, UMB Bank n.a. bought a new stake in shares of CRH in the fourth quarter worth about $33,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CRH shares. Vertical Research assumed coverage on CRH in a report on Friday, March 22nd. They set a “buy” rating and a $105.00 price target for the company. Jefferies Financial Group lifted their price target on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. DA Davidson initiated coverage on shares of CRH in a research report on Friday, January 19th. They issued a “buy” rating and a $82.00 price objective for the company. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Finally, Citigroup increased their price target on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.31.

View Our Latest Report on CRH

CRH Company Profile

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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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