Capital Wealth Planning LLC Acquires Shares of 30,964 CRH plc (NYSE:CRH)

Capital Wealth Planning LLC bought a new stake in CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,964 shares of the construction company's stock, valued at approximately $2,141,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Orion Capital Management LLC grew its position in shares of CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company's stock worth $28,000 after buying an additional 200 shares during the period. Pinnacle Bancorp Inc. acquired a new stake in shares of CRH during the 4th quarter worth approximately $30,000. UMB Bank n.a. acquired a new stake in shares of CRH during the 4th quarter worth approximately $33,000. WASHINGTON TRUST Co acquired a new stake in shares of CRH during the 4th quarter worth approximately $35,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $35,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of CRH from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday. Royal Bank of Canada began coverage on shares of CRH in a research report on Tuesday. They set an "outperform" rating and a $110.00 price objective for the company. Vertical Research began coverage on shares of CRH in a research report on Friday, March 22nd. They issued a "buy" rating and a $105.00 price target for the company. Citigroup lifted their price target on shares of CRH from $101.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $82.00 price target (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.28.

CRH Price Performance

NYSE:CRH traded down $2.77 during trading hours on Thursday, hitting $82.88. 4,119,449 shares of the company traded hands, compared to its average volume of 3,611,641. The firm's 50-day simple moving average is $82.39 and its 200-day simple moving average is $73.15. CRH plc has a one year low of $47.14 and a one year high of $88.00.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. As a group, analysts forecast that CRH plc will post 5.39 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, May 23rd. This is a boost from CRH's previous Variable dividend of $0.23. This represents a yield of 1.7%.

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.