CRH plc (NYSE:CRH) Declares $0.37 Quarterly Dividend

CRH plc (NYSE:CRH) announced a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.37 per share by the construction company on Wednesday, June 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, May 23rd.

CRH Price Performance

Shares of NYSE CRH opened at $96.74 on Wednesday. The company has a market cap of $65.36 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a 50-day simple moving average of $91.55 and a 200-day simple moving average of $96.35.

CRH (NYSE:CRH) last released its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. On average, analysts anticipate that CRH will post 5.47 EPS for the current year.

Institutional Investors Weigh In On CRH

An institutional investor recently raised its position in CRH stock. Empowered Funds LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,178 shares of the construction company’s stock after purchasing an additional 658 shares during the period. Empowered Funds LLC’s holdings in CRH were worth $1,159,000 as of its most recent filing with the SEC. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the topic of several research analyst reports. Berenberg Bank set a $120.00 target price on shares of CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. Royal Bank of Canada reduced their price target on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Loop Capital started coverage on shares of CRH in a research report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price target on the stock. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CRH presently has an average rating of “Buy” and an average price target of $112.58.

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.