CRH (NYSE:CRH) Price Target Increased to $106.00 by Analysts at Citigroup

CRH (NYSE:CRH - Free Report) had its price objective hoisted by Citigroup from $101.00 to $106.00 in a research note released on Friday, Benzinga reports. Citigroup currently has a buy rating on the construction company's stock.

A number of other research firms have also issued reports on CRH. Jefferies Financial Group raised their target price on shares of CRH from $89.70 to $100.00 and gave the company a buy rating in a research note on Monday, March 4th. Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They issued a buy rating and a $105.00 target price on the stock. DA Davidson began coverage on shares of CRH in a research note on Friday, January 19th. They issued a buy rating and a $82.00 target price on the stock. Truist Financial raised their target price on shares of CRH from $81.00 to $95.00 and gave the company a buy rating in a research note on Monday, March 4th. Finally, StockNews.com upgraded shares of CRH from a buy rating to a strong-buy rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CRH has an average rating of Buy and a consensus target price of $78.93.

CRH Stock Up 2.3 %

Shares of CRH stock traded up $1.93 during midday trading on Friday, reaching $86.40. 2,138,560 shares of the company's stock traded hands, compared to its average volume of 3,712,676. The company's 50 day simple moving average is $79.99 and its 200 day simple moving average is $67.95. CRH has a 52 week low of $46.84 and a 52 week high of $88.00.

CRH Announces Dividend

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

Hedge Funds Weigh In On CRH

A number of institutional investors have recently modified their holdings of CRH. Orion Capital Management LLC raised its stake in shares of CRH by 100.0% in the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of CRH by 139.0% in the third quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company's stock worth $30,000 after acquiring an additional 317 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CRH in the fourth quarter worth about $30,000. KB Financial Partners LLC bought a new stake in shares of CRH during the first quarter worth approximately $30,000. Finally, UMB Bank n.a. bought a new stake in shares of CRH during the fourth quarter worth approximately $33,000. 62.50% of the stock is owned by institutional investors.

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.