CRH plc (NYSE:CRH) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of CRH plc (NYSE:CRH) by 30.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,664 shares of the construction company’s stock after acquiring an additional 1,786 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CRH were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of CRH during the third quarter worth about $1,484,901,000. Barclays PLC acquired a new stake in shares of CRH during the third quarter worth about $941,562,000. Greenhaven Associates Inc. lifted its holdings in shares of CRH by 0.9% during the fourth quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock worth $770,576,000 after purchasing an additional 103,510 shares during the period. Invesco Ltd. lifted its holdings in shares of 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 purchasing an additional 7,892,691 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of CRH during the third quarter worth about $418,653,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $79.19 on Wednesday. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00. The business has a 50 day simple moving average of $81.74 and a 200-day simple moving average of $69.72.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CRH shares. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price target (up from $80.00) on shares of CRH in a report on Monday. StockNews.com raised CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Truist Financial boosted their price target on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. DA Davidson started coverage on CRH in a report on Friday, January 19th. They issued a “buy” rating and a $82.00 price target for the company. Finally, Vertical Research started coverage on CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average target price of $79.31.

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.