K.J. Harrison & Partners Inc Acquires New Stake in CRH plc (NYSE:CRH)

K.J. Harrison & Partners Inc bought a new position in shares of CRH plc (NYSE:CRH) during the 4th quarter, Holdings Channel reports. The fund bought 81,800 shares of the construction company’s stock, valued at approximately $5,657,000. CRH accounts for approximately 1.0% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 29th largest holding.

Several other institutional investors also recently made changes to their positions in CRH. Global Retirement Partners LLC boosted its position in shares of CRH by 15.3% in the 3rd quarter. Global Retirement Partners LLC now owns 1,384 shares of the construction company’s stock worth $75,000 after buying an additional 184 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of CRH in the 3rd quarter worth about $352,000. Voss Capital LLC boosted its position in shares of CRH by 121.3% in the 3rd quarter. Voss Capital LLC now owns 2,003,216 shares of the construction company’s stock worth $109,636,000 after buying an additional 1,098,216 shares in the last quarter. Cannon Global Investment Management LLC purchased a new stake in shares of CRH in the 3rd quarter worth about $493,000. Finally, Manning & Napier Group LLC boosted its position in shares of CRH by 1.1% in the 3rd quarter. Manning & Napier Group LLC now owns 84,486 shares of the construction company’s stock worth $4,624,000 after buying an additional 906 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 1.7 %

NYSE CRH traded up $1.35 during mid-day trading on Friday, hitting $78.55. The company’s stock had a trading volume of 2,291,861 shares, compared to its average volume of 3,608,602. CRH plc has a 52-week low of $47.14 and a 52-week high of $88.00. The stock’s fifty day simple moving average is $82.23 and its two-hundred day simple moving average is $70.78.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $8.69 billion during the quarter. On average, sell-side analysts predict that CRH plc will post 5.36 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 target price (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Truist Financial upped their price objective on shares of CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Citigroup increased their price objective on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, April 5th. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Finally, Vertical Research began coverage on shares of CRH in a report on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.31.

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.