Buckley Wealth Management LLC Acquires New Shares in CRH plc (NYSE:CRH)

Buckley Wealth Management LLC acquired a new stake in CRH plc (NYSE:CRH) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,493 shares of the construction company’s stock, valued at approximately $733,000.

A number of other large investors have also made changes to their positions in CRH. First Financial Corp IN bought a new stake in shares of CRH in the 1st quarter valued at $26,000. Orion Capital Management LLC increased its position in shares of CRH by 100.0% in the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of CRH in the 4th quarter valued at $30,000. UMB Bank n.a. bought a new stake in shares of CRH in the 4th quarter valued at $33,000. Finally, WASHINGTON TRUST Co bought a new position in CRH during the 4th quarter worth about $35,000. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock traded up $0.63 during midday trading on Friday, hitting $75.13. The stock had a trading volume of 4,547,513 shares, compared to its average volume of 5,222,850. CRH plc has a 1-year low of $51.59 and a 1-year high of $88.00. The business has a fifty day moving average price of $79.08 and a two-hundred day moving average price of $77.04.

CRH (NYSE:CRH) last released its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. On average, analysts expect that CRH plc will post 5.36 earnings per share for the current year.

CRH Increases Dividend

The company also recently announced a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, May 24th were issued a $0.35 dividend. This is a positive change from CRH’s previous Variable dividend of $0.23. The ex-dividend date was Thursday, May 23rd. This represents a yield of 1.7%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CRH shares. Stephens assumed coverage on CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 target price for the company. Jefferies Financial Group increased their price objective on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. StockNews.com cut shares of CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Vertical Research assumed coverage on shares of CRH in a research note on Friday, March 22nd. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Citigroup raised their target price on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.11.

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.