Stifel Nicolaus Reaffirms Hold Rating for CRH (NYSE:CRH)

Stifel Nicolaus reaffirmed their hold rating on shares of CRH (NYSE:CRH) in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage currently has a $82.00 target price on the construction company’s stock, up from their prior target price of $80.00.

Several other brokerages also recently issued reports on CRH. Vertical Research started coverage on CRH in a research report on Friday, March 22nd. They issued a buy rating and a $105.00 price target on the stock. DA Davidson started coverage on CRH in a research report on Friday, January 19th. They issued a buy rating and a $82.00 price target on the stock. Citigroup raised their price target on CRH from $101.00 to $106.00 and gave the company a buy rating in a research report on Friday, April 5th. StockNews.com raised CRH from a buy rating to a strong-buy rating in a research report on Wednesday, March 27th. Finally, Jefferies Financial Group raised their price target on CRH from $89.70 to $100.00 and gave the company a buy rating in a research report on Monday, March 4th. Two investment 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 data from MarketBeat.com, CRH presently has an average rating of Moderate Buy and a consensus price target of $79.31.

CRH Price Performance

CRH stock opened at $80.29 on Monday. The company’s fifty day moving average price is $81.63 and its two-hundred day moving average price is $69.55. CRH has a one year low of $47.14 and a one year high of $88.00.

CRH Dividend Announcement

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

Institutional Investors Weigh In On CRH

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new position in CRH during the third quarter worth about $1,484,901,000. Barclays PLC bought a new position in CRH during the third quarter worth about $941,562,000. Norges Bank bought a new position in CRH during the fourth quarter worth about $1,014,454,000. Greenhaven Associates Inc. lifted its stake in CRH by 0.9% during the fourth quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock worth $770,576,000 after purchasing an additional 103,510 shares during the period. Finally, Invesco Ltd. lifted its stake in CRH by 1,136.3% during the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock worth $469,982,000 after purchasing an additional 7,892,691 shares during the period. 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.