International Assets Investment Management LLC Buys Shares of 48,550 CRH plc (NYSE:CRH)

International Assets Investment Management LLC bought a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 48,550 shares of the construction company's stock, valued at approximately $3,358,000.

Several other large investors have also recently bought and sold shares of the stock. Regency Capital Management Inc. DE lifted its holdings in shares of CRH by 5.1% during the 4th quarter. Regency Capital Management Inc. DE now owns 113,428 shares of the construction company's stock worth $7,845,000 after acquiring an additional 5,463 shares during the period. Ballentine Partners LLC lifted its holdings in shares of CRH by 31.9% during the 4th quarter. Ballentine Partners LLC now owns 25,695 shares of the construction company's stock worth $1,777,000 after acquiring an additional 6,210 shares during the period. Parcion Private Wealth LLC lifted its holdings in shares of CRH by 0.4% during the 4th quarter. Parcion Private Wealth LLC now owns 139,860 shares of the construction company's stock worth $9,673,000 after acquiring an additional 500 shares during the period. UMB Bank n.a. bought a new position in shares of CRH during the 4th quarter worth about $33,000. Finally, DAVENPORT & Co LLC bought a new position in shares of CRH during the 4th quarter worth about $270,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Down 1.8 %

CRH traded down $1.38 during midday trading on Thursday, hitting $77.14. The company had a trading volume of 4,090,928 shares, compared to its average volume of 3,662,522. CRH plc has a twelve month low of $47.14 and a twelve month high of $88.00. The firm's 50-day simple moving average is $81.87 and its 200-day simple moving average is $69.83.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

CRH has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of CRH from $101.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, April 5th. 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 report on Monday, March 4th. DA Davidson started coverage on shares of CRH in a report on Friday, January 19th. They set a "buy" rating and a $82.00 price target for the company. StockNews.com raised shares of CRH from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 27th. Finally, Stifel Nicolaus reissued a "hold" rating and set a $82.00 price target (up from $80.00) on shares of CRH in a report on Monday. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.