CRH plc (NYSE:CRH) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in shares of CRH plc (NYSE:CRH) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,870 shares of the construction company’s stock after buying an additional 4,668 shares during the quarter. Ritholtz Wealth Management’s holdings in CRH were worth $2,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CRH. Financial Management Professionals Inc. lifted its stake in CRH by 139.0% during the third quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock worth $30,000 after purchasing an additional 317 shares during the last quarter. KB Financial Partners LLC purchased a new stake in CRH during the first quarter worth approximately $30,000. WASHINGTON TRUST Co purchased a new stake in CRH during the fourth quarter worth approximately $35,000. Allworth Financial LP lifted its stake in CRH by 59.3% during the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock worth $42,000 after purchasing an additional 289 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in CRH during the third quarter worth approximately $47,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CRH. Truist Financial boosted their target price on CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. 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. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Jefferies Financial Group boosted their price objective on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, 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 for the company. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $74.64.

CRH Price Performance

Shares of CRH stock traded up $0.23 during trading hours on Thursday, hitting $86.25. 2,496,436 shares of the company were exchanged, compared to its average volume of 3,803,779. CRH plc has a 1 year low of $46.84 and a 1 year high of $88.00. The business has a 50-day moving average of $78.13 and a 200-day moving average of $66.75.

CRH Dividend Announcement

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 15th will be issued a dividend of $0.262 per share. This represents a yield of 2%. The ex-dividend date is Thursday, March 14th.

CRH 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.