Wealth Alliance Acquires 876 Shares of CRH plc (NYSE:CRH)

Wealth Alliance raised its stake in shares of CRH plc (NYSE:CRH) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $82.00 target price (up from $80.00) on shares of CRH in a research report on Monday. DA Davidson initiated coverage on CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 price objective for the company. Truist Financial lifted their target price on CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Jefferies Financial Group increased their price target on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Citigroup lifted their price objective on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average target price of $79.31.

CRH Stock Performance

CRH opened at $77.14 on Friday. The business has a fifty day moving average of $81.87 and a 200 day moving average of $69.83. CRH plc has a 52-week low of $47.14 and a 52-week high of $88.00.

CRH Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were paid a dividend of $0.262 per share. This represents a dividend 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.