Analysts Set CRH plc (NYSE:CRH) Price Target at $110.00

CRH plc (NYSE:CRH) has received an average recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $112.36.

A number of research firms have issued reports on CRH. Royal Bank of Canada cut their price objective on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday. Loop Capital began coverage on shares of CRH in a research report on Wednesday, April 9th. They set a “buy” rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after acquiring an additional 114,072 shares during the last quarter. Park Avenue Securities LLC raised its position in CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after buying an additional 5,889 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after buying an additional 232,977 shares during the last quarter. Merit Financial Group LLC raised its position in CRH by 31.8% in the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after acquiring an additional 5,610 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in CRH by 19.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after purchasing an additional 12,076 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 0.3 %

Shares of CRH stock opened at $86.00 on Friday. CRH has a 1-year low of $71.18 and a 1-year high of $110.97. The company has a market cap of $58.16 billion, a P/E ratio of 17.20, a PEG ratio of 1.15 and a beta of 1.30. The business has a 50-day moving average price of $95.71 and a two-hundred day moving average price of $96.14.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.72%. CRH’s payout ratio is presently 22.66%.

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.