Compound Global Advisors LLC Has $24.19 Million Stock Position in CRH plc (NYSE:CRH)

Compound Global Advisors LLC raised its position in CRH plc (NYSE:CRH - Free Report) by 47.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 349,781 shares of the construction company's stock after buying an additional 112,332 shares during the period. CRH comprises approximately 4.5% of Compound Global Advisors LLC's holdings, making the stock its 4th largest holding. Compound Global Advisors LLC's holdings in CRH were worth $24,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its stake in shares of CRH by 139.0% during the third quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company's stock valued at $30,000 after acquiring an additional 317 shares during the period. KB Financial Partners LLC acquired a new position in shares of CRH during the first quarter valued at $30,000. UMB Bank n.a. acquired a new position in shares of CRH during the fourth quarter valued at $33,000. WASHINGTON TRUST Co acquired a new position in shares of CRH during the fourth quarter valued at $35,000. Finally, Chilton Capital Management LLC acquired a new position in shares of CRH during the fourth quarter valued at $35,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 2.3 %

Shares of CRH stock traded up $1.93 during trading hours on Friday, hitting $86.40. The company's stock had a trading volume of 2,138,560 shares, compared to its average volume of 3,712,676. CRH plc has a 12 month low of $46.84 and a 12 month high of $88.00. The stock has a 50 day moving average of $79.99 and a 200 day moving average of $67.95.

CRH Dividend Announcement

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 15th will be issued a dividend of $0.262 per share. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 2%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRH. Citigroup increased their target price on CRH from $101.00 to $106.00 and gave the company a "buy" rating in a research note on Friday. Jefferies Financial Group increased their target price on CRH from $89.70 to $100.00 and gave the company a "buy" rating in a research note on Monday, March 4th. DA Davidson began coverage on CRH in a research note on Friday, January 19th. They issued a "buy" rating and a $82.00 target price on the stock. Vertical Research began coverage on CRH in a research note on Friday, March 22nd. They issued a "buy" rating and a $105.00 target price on the stock. Finally, Truist Financial increased their target price on CRH from $81.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $78.93.

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.

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