Buckley Wealth Management LLC Has $826,000 Stock Position in CRH plc (NYSE:CRH)

Buckley Wealth Management LLC increased its position in shares of CRH plc (NYSE:CRH) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,931 shares of the construction company’s stock after buying an additional 233 shares during the quarter. Buckley Wealth Management LLC’s holdings in CRH were worth $826,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CRH. Assetmark Inc. increased its holdings in CRH by 29.2% during the 3rd quarter. Assetmark Inc. now owns 1,598 shares of the construction company’s stock worth $148,000 after purchasing an additional 361 shares in the last quarter. Covestor Ltd bought a new stake in CRH during the 3rd quarter worth approximately $58,000. Sigma Planning Corp increased its holdings in CRH by 5.5% during the 3rd quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock worth $402,000 after purchasing an additional 227 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in CRH during the 3rd quarter worth approximately $483,000. Finally, Victory Capital Management Inc. increased its holdings in CRH by 6,859.4% during the 3rd quarter. Victory Capital Management Inc. now owns 191,105 shares of the construction company’s stock worth $17,723,000 after purchasing an additional 188,359 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 2.6 %

CRH stock opened at $97.08 on Friday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The business’s 50 day simple moving average is $99.37 and its 200 day simple moving average is $96.03. The company has a market cap of $65.71 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.52%. CRH’s dividend payout ratio is presently 20.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRH. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus target price of $109.25.

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.