CRH plc (NYSE:CRH) Plans Dividend Increase – $0.37 Per Share

CRH plc (NYSE:CRH) declared a dividend on Wednesday, February 26th, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.37 per share by the construction company on Wednesday, April 16th. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH’s previous dividend of $0.23.

CRH Trading Down 0.6 %

CRH traded down $0.66 during trading on Thursday, reaching $101.68. 9,052,436 shares of the company’s stock were exchanged, compared to its average volume of 4,420,369. CRH has a one year low of $71.18 and a one year high of $110.97. The stock has a market capitalization of $69.06 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm has a fifty day moving average price of $98.25 and a two-hundred day moving average price of $95.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and a consensus price target of $107.75.

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.