Motley Fool Wealth Management LLC Purchases New Shares in CRH plc (NYSE:CRH)

Motley Fool Wealth Management LLC purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,436 shares of the construction company's stock, valued at approximately $1,408,000.

A number of other hedge funds have also made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new position in CRH in the fourth quarter worth $30,000. UMB Bank n.a. acquired a new position in CRH in the fourth quarter worth $33,000. WASHINGTON TRUST Co acquired a new position in CRH in the fourth quarter worth $35,000. Chilton Capital Management LLC acquired a new position in CRH in the fourth quarter worth $35,000. Finally, GAMMA Investing LLC acquired a new position in shares of CRH during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

CRH has been the subject of several analyst reports. DA Davidson initiated 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. Jefferies Financial Group boosted 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. Truist Financial boosted their price target on shares of CRH from $81.00 to $95.00 and gave the company a "buy" rating in a report on Monday, March 4th. StockNews.com raised shares of CRH from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 27th. Finally, Citigroup boosted their price target on shares of CRH from $101.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 5th. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $79.31.

CRH Price Performance

CRH stock traded up $1.35 during midday trading on Friday, hitting $78.55. The company's stock had a trading volume of 2,298,922 shares, compared to its average volume of 2,898,403. The stock's 50-day moving average price is $82.23 and its 200-day moving average price is $70.87. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 EPS for the quarter. The business had revenue of $8.69 billion during the quarter. As a group, sell-side analysts anticipate that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 15th were paid a $0.262 dividend. The ex-dividend date of this dividend 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.