Russell Investments Group Ltd. Buys 73,994 Shares of CRH plc (NYSE:CRH)

Russell Investments Group Ltd. raised its position in shares of CRH plc (NYSE:CRH - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 976,068 shares of the construction company's stock after purchasing an additional 73,994 shares during the period. Russell Investments Group Ltd. owned 0.14% of CRH worth $67,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. acquired a new position in CRH during the 3rd quarter worth $1,484,901,000. Barclays PLC bought a new stake in CRH during the 3rd quarter valued at approximately $941,562,000. Invesco Ltd. grew its holdings in CRH by 1,136.3% in the 3rd quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company's stock valued at $469,982,000 after buying an additional 7,892,691 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in CRH in the 3rd quarter worth approximately $418,653,000. Finally, Wellington Management Group LLP acquired a new position in shares of CRH during the third quarter worth approximately $416,982,000. Institutional investors own 62.50% of the company's stock.

CRH Stock Up 0.4 %

Shares of NYSE:CRH traded up $0.30 during trading on Monday, hitting $78.85. 2,468,175 shares of the company were exchanged, compared to its average volume of 3,594,694. CRH plc has a 1-year low of $47.14 and a 1-year high of $88.00. The business's 50 day moving average is $82.26 and its 200-day moving average is $71.10.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share for the quarter. The firm had revenue of $8.69 billion for the quarter. On average, equities analysts predict that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on CRH shares. StockNews.com upgraded shares of CRH from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 27th. Vertical Research initiated coverage on CRH in a research note on Friday, March 22nd. They issued a "buy" rating and a $105.00 price objective on the stock. Citigroup increased their price target on shares of CRH from $101.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, April 5th. DA Davidson initiated coverage on CRH in a research report on Friday, January 19th. They issued a "buy" rating and a $82.00 price objective for the company. Finally, Jefferies Financial Group raised their price target on CRH from $89.70 to $100.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Two research 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.