CRH (NYSE:CRH) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of CRH (NYSE:CRH) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently weighed in on the stock. Truist Financial lifted their price target on shares of CRH from $81.00 to $95.00 and gave the company a buy rating in a research report on Monday, March 4th. Vertical Research started coverage on shares of CRH in a research report on Friday, March 22nd. They set a buy rating and a $105.00 price target for the company. Jefferies Financial Group raised their price objective on CRH from $89.70 to $100.00 and gave the company a buy rating in a research report on Monday, March 4th. Finally, DA Davidson started coverage on CRH in a research note on Friday, January 19th. They issued a buy rating and a $82.00 target price for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $74.64.

CRH Stock Performance

CRH stock opened at $86.02 on Wednesday. CRH has a 12 month low of $46.84 and a 12 month high of $88.00. The stock’s 50-day moving average is $77.77 and its 200-day moving average is $66.62.

CRH Dividend Announcement

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.262 per share. The ex-dividend date is Thursday, March 14th. This represents a yield of 2%.

Hedge Funds Weigh In On CRH

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new position in CRH during the 3rd quarter worth $1,484,901,000. Barclays PLC acquired a new stake in CRH during the third quarter valued at approximately $941,562,000. Norges Bank acquired a new stake in CRH during the fourth quarter valued at approximately $1,014,454,000. Greenhaven Associates Inc. lifted its holdings in CRH by 428.0% during the 3rd quarter. Greenhaven Associates Inc. now owns 11,038,427 shares of the construction company’s stock worth $604,133,000 after buying an additional 8,947,902 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of CRH in the 4th quarter worth approximately $552,222,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.