Motley Fool Wealth Management LLC Takes $1.41 Million Position in CRH plc (NYSE:CRH)

Motley Fool Wealth Management LLC purchased a new stake in CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,436 shares of the construction company’s stock, valued at approximately $1,408,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of CRH in the 3rd quarter valued at about $1,484,901,000. Barclays PLC bought a new position in shares of CRH in the 3rd quarter valued at about $941,562,000. Invesco Ltd. grew its holdings in shares of CRH by 1,136.3% in the 3rd quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock valued at $469,982,000 after acquiring an additional 7,892,691 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of CRH in the 3rd quarter valued at about $418,653,000. Finally, Wellington Management Group LLP bought a new position in shares of CRH in the 3rd quarter valued at about $416,982,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CRH. Vertical Research began coverage on CRH in a report on Friday, March 22nd. They set a “buy” rating and a $105.00 price target for the company. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Citigroup raised their price objective on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Stifel Nicolaus restated a “hold” rating and set a $82.00 price objective (up from $80.00) on shares of CRH in a research report on Monday, April 15th. Finally, Truist Financial raised their price objective on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Stock Performance

NYSE:CRH traded up $1.35 during mid-day trading on Friday, reaching $78.55. The stock had a trading volume of 2,298,922 shares, compared to its average volume of 2,898,403. The stock has a 50-day simple moving average of $82.23 and a two-hundred day simple moving average of $70.78. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $8.69 billion during the quarter. As a group, research analysts predict that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th were paid a dividend of $0.262 per share. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 2%.

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.