Kornitzer Capital Management Inc. KS Purchases 126,700 Shares of CRH plc (NYSE:CRH)

Kornitzer Capital Management Inc. KS lifted its stake in shares of CRH plc (NYSE:CRH - Free Report) by 118.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,600 shares of the construction company's stock after purchasing an additional 126,700 shares during the period. Kornitzer Capital Management Inc. KS's holdings in CRH were worth $16,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of CRH during the fourth quarter worth $30,000. UMB Bank n.a. acquired a new stake in shares of CRH during the fourth quarter worth $33,000. WASHINGTON TRUST Co acquired a new stake in shares of CRH during the fourth quarter worth $35,000. Chilton Capital Management LLC purchased a new position in shares of CRH during the fourth quarter valued at $35,000. Finally, Financial Management Professionals Inc. grew its holdings 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 buying an additional 317 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CRH shares. Stifel Nicolaus reiterated a "hold" rating and set a $82.00 price target (up previously from $80.00) on shares of CRH in a report on Monday, April 15th. StockNews.com upgraded CRH from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 27th. Vertical Research started coverage on CRH in a report on Friday, March 22nd. They set a "buy" rating and a $105.00 price target on the stock. Truist Financial lifted their price target on CRH from $81.00 to $95.00 and gave the company a "buy" rating in a report on Monday, March 4th. Finally, DA Davidson started coverage on CRH in a report on Friday, January 19th. They set a "buy" rating and a $82.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $79.31.

CRH Stock Performance

NYSE CRH traded down $0.09 on Friday, reaching $77.05. The stock had a trading volume of 3,030,480 shares, compared to its average volume of 2,847,704. The business has a 50 day moving average price of $81.93 and a 200 day moving average price of $70.22. CRH plc has a 1 year low of $47.14 and a 1 year high of $88.00.

CRH Dividend Announcement

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