Buckley Wealth Management LLC Invests $733,000 in CRH plc (NYSE:CRH)

Buckley Wealth Management LLC purchased a new position in CRH plc (NYSE:CRH) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,493 shares of the construction company’s stock, valued at approximately $733,000.

Other institutional investors also recently made changes to their positions in the company. First Financial Corp IN acquired a new position in shares of CRH in the first quarter worth $26,000. Orion Capital Management LLC raised its holdings 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. NBC Securities Inc. raised its holdings in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in CRH in the fourth quarter valued at $30,000. Finally, UMB Bank n.a. acquired a new position in CRH in the fourth quarter valued at $33,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Vertical Research assumed coverage on CRH in a research note on Friday, March 22nd. They issued a “buy” rating and a $105.00 target price for the company. Citigroup upped their target price on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Stephens assumed coverage on CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. Truist Financial upped their target price on CRH from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada initiated coverage on CRH in a research report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $93.11.

CRH Stock Up 0.8 %

Shares of CRH stock traded up $0.63 on Friday, reaching $75.13. 4,547,513 shares of the company were exchanged, compared to its average volume of 5,222,850. The company’s 50-day moving average is $79.08 and its two-hundred day moving average is $77.04. CRH plc has a 1-year low of $51.59 and a 1-year high of $88.00.

CRH (NYSE:CRH) last released its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. Equities research analysts forecast that CRH plc will post 5.36 earnings per share for the current year.

CRH Increases Dividend

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

CRH 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.