Stifel Nicolaus reissued their hold rating on shares of CRH (NYSE:CRH – Free Report) in a report published on Monday, Marketbeat.com reports. The firm currently has a $82.00 target price on the construction company’s stock, up from their prior target price of $80.00.
Several other analysts also recently weighed in on CRH. DA Davidson assumed coverage on CRH in a research note on Friday, January 19th. They set a buy rating and a $82.00 target price for the company. Jefferies Financial Group raised their target price on CRH from $89.70 to $100.00 and gave the company a buy rating in a research note on Monday, March 4th. StockNews.com upgraded CRH from a buy rating to a strong-buy rating in a research note on Wednesday, March 27th. Truist Financial increased their price target on shares of CRH from $81.00 to $95.00 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 on the stock. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CRH has an average rating of Moderate Buy and a consensus target price of $79.31.
Check Out Our Latest Analysis on CRH
CRH Stock Performance
CRH Announces Dividend
The firm also recently announced a Variable dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th were issued a $0.262 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2%.
Hedge Funds Weigh In On CRH
A number of large investors have recently bought and sold shares of CRH. Vanguard Group Inc. bought a new position in CRH in the third quarter worth about $1,484,901,000. Barclays PLC bought a new position in CRH in the third quarter worth about $941,562,000. Norges Bank bought a new position in CRH in the fourth quarter worth about $1,014,454,000. Nuveen Asset Management LLC bought a new position in CRH in the fourth quarter worth about $552,222,000. Finally, Invesco Ltd. lifted its holdings in CRH by 1,136.3% in the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock worth $469,982,000 after acquiring an additional 7,892,691 shares during the last quarter. Institutional investors 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.
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