CRH plc (NYSE:CRH) Shares Bought by Wealth Alliance

Wealth Alliance raised its holdings in shares of CRH plc (NYSE:CRH) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,453 shares of the construction company’s stock after buying an additional 876 shares during the quarter. Wealth Alliance’s holdings in CRH were worth $377,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 target price on the stock. Jefferies Financial Group upped their price objective 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 CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 target price for the company. Citigroup lifted their target price on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Two equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Stock Down 1.8 %

Shares of NYSE CRH opened at $77.14 on Friday. CRH plc has a twelve month low of $47.14 and a twelve month high of $88.00. The stock has a fifty day simple moving average of $81.87 and a 200-day simple moving average of $69.83.

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 given a $0.262 dividend. This represents a yield of 2%. The ex-dividend date of this dividend was Thursday, March 14th.

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.