Zurcher Kantonalbank Zurich Cantonalbank Has $29.03 Million Stake in CRH plc (NYSE:CRH)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,975 shares of the construction company's stock after selling 25,344 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of CRH worth $29,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janiczek Wealth Management LLC boosted its position in shares of CRH by 3.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company's stock worth $329,000 after acquiring an additional 155 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of CRH by 15.3% in the third quarter. Global Retirement Partners LLC now owns 1,384 shares of the construction company's stock worth $75,000 after acquiring an additional 184 shares during the last quarter. Allworth Financial LP boosted its position in shares of CRH by 25.6% in the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company's stock worth $67,000 after acquiring an additional 199 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of CRH by 14.3% in the third quarter. Clearstead Advisors LLC now owns 1,600 shares of the construction company's stock worth $88,000 after acquiring an additional 200 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in shares of CRH by 2.1% in the third quarter. Gradient Investments LLC now owns 9,763 shares of the construction company's stock worth $534,000 after acquiring an additional 201 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 0.8 %

Shares of NYSE:CRH traded down $0.66 during midday trading on Wednesday, reaching $78.51. The company had a trading volume of 2,361,580 shares, compared to its average volume of 3,656,385. The stock's fifty day moving average price is $81.82 and its 200-day moving average price is $69.78. CRH plc has a one year low of $47.14 and a one year high of $88.00.

CRH Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on CRH shares. Jefferies Financial Group lifted their price target on shares of CRH from $89.70 to $100.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Stifel Nicolaus reaffirmed a "hold" rating and set a $82.00 price target (up from $80.00) on shares of CRH in a research report on Monday. DA Davidson started coverage on shares of CRH in a research report on Friday, January 19th. They set a "buy" rating and a $82.00 price target on the stock. Vertical Research started coverage on shares of CRH in a research report on Friday, March 22nd. They set a "buy" rating and a $105.00 price target on the stock. Finally, Citigroup lifted their price target on shares of CRH from $101.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.31.

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.