48,550 Shares in CRH plc (NYSE:CRH) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 48,550 shares of the construction company’s stock, valued at approximately $3,358,000.

A number of other large investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. lifted its stake in shares of CRH by 139.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock valued at $30,000 after purchasing an additional 317 shares during the period. KB Financial Partners LLC bought a new stake in CRH in the first quarter worth approximately $30,000. UMB Bank n.a. acquired a new position in CRH in the fourth quarter valued at approximately $33,000. WASHINGTON TRUST Co bought a new position in shares of CRH during the 4th quarter worth approximately $35,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $35,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH opened at $78.51 on Thursday. CRH plc has a 52 week low of $47.14 and a 52 week high of $88.00. The stock has a 50 day moving average price of $81.82 and a two-hundred day moving average price of $69.78.

CRH Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRH shares. Citigroup boosted their target price on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Vertical Research started coverage on shares of CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. DA Davidson initiated coverage on CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 price target on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH has a consensus 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.