Mirae Asset Global Investments Co. Ltd. Purchases New Holdings in CRH plc (NYSE:CRH)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,050 shares of the construction company's stock, valued at approximately $1,179,000.

A number of other institutional investors also recently bought and sold shares of CRH. DekaBank Deutsche Girozentrale raised its holdings in CRH by 8.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,176,538 shares of the construction company's stock worth $288,097,000 after purchasing an additional 315,190 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in CRH during the 4th quarter worth $2,634,000. Exane Asset Management raised its stake in CRH by 106,459.0% during the 4th quarter. Exane Asset Management now owns 290,906 shares of the construction company's stock worth $20,036,000 after acquiring an additional 290,633 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in CRH in the fourth quarter valued at $215,000. Finally, Allworth Financial LP boosted its stake in CRH by 25.6% in the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company's stock valued at $67,000 after acquiring an additional 199 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

CRH stock traded up $1.19 during midday trading on Tuesday, reaching $78.79. The stock had a trading volume of 2,140,478 shares, compared to its average volume of 3,627,031. The stock's 50-day simple moving average is $82.01 and its 200 day simple moving average is $70.37. CRH plc has a twelve month low of $47.14 and a twelve month high of $88.00.

CRH Dividend Announcement

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 of this dividend was Thursday, March 14th.

Analyst Ratings Changes

CRH has been the subject of several research reports. Jefferies Financial Group boosted their target price on CRH from $89.70 to $100.00 and gave the company a "buy" rating in a report on Monday, March 4th. DA Davidson began coverage on shares of CRH in a research note 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. Vertical Research assumed coverage on shares of CRH in a research note on Friday, March 22nd. They issued a "buy" rating and a $105.00 price objective on the stock. Finally, Truist Financial lifted their target price 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $79.31.

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.