Truist Financial Corp Acquires 61,391 Shares of CRH plc (NYSE:CRH)

Truist Financial Corp raised its holdings in CRH plc (NYSE:CRH) by 217.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,653 shares of the construction company’s stock after buying an additional 61,391 shares during the quarter. Truist Financial Corp’s holdings in CRH were worth $6,200,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new stake in shares of CRH in the 4th quarter worth approximately $30,000. UMB Bank n.a. bought a new stake in shares of CRH during the fourth quarter valued at approximately $33,000. WASHINGTON TRUST Co bought a new stake in shares of CRH during the fourth quarter valued at approximately $35,000. Chilton Capital Management LLC bought a new stake in shares of CRH during the fourth quarter valued at approximately $35,000. Finally, GAMMA Investing LLC bought a new stake in shares of CRH during the fourth quarter valued at approximately $37,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Vertical Research assumed coverage on CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price target on the stock. DA Davidson began coverage on CRH in a research report on Friday, January 19th. They set a “buy” rating and a $82.00 price target on the stock. Citigroup lifted their price objective on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Two 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.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.31.

CRH Stock Performance

CRH stock opened at $80.44 on Friday. CRH plc has a 1-year low of $47.14 and a 1-year high of $88.00. The business has a fifty day moving average price of $82.30 and a 200-day moving average price of $71.49.

CRH (NYSE:CRH) last posted its earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The company had revenue of $8.69 billion for the quarter. On average, equities analysts predict that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Dividend Announcement

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

CRH Company 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.