Atria Wealth Solutions Inc. Makes New Investment in CRH plc (NYSE:CRH)

Atria Wealth Solutions Inc. purchased a new stake in shares of CRH plc (NYSE:CRH) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,588 shares of the construction company’s stock, valued at approximately $317,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRH. Vanguard Group Inc. acquired a new position in shares of CRH in the 3rd quarter worth $1,484,901,000. Barclays PLC acquired a new stake in shares of CRH during the third quarter valued at approximately $941,562,000. Greenhaven Associates Inc. lifted its position in shares of CRH by 0.9% in the 4th quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock valued at $770,576,000 after acquiring an additional 103,510 shares in the last quarter. Invesco Ltd. boosted its stake in CRH by 1,136.3% in the 3rd 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 purchased a new position in CRH during the 3rd quarter worth approximately $418,653,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson began coverage on CRH in a research report on Friday, January 19th. They issued a “buy” rating and a $82.00 target price for the company. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Vertical Research initiated coverage on shares of CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 target price on the stock. Citigroup raised their price target on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group increased their target price on shares of CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $79.31.

CRH Price Performance

NYSE:CRH opened at $80.93 on Wednesday. The firm has a 50-day moving average price of $82.40 and a 200 day moving average price of $72.07. CRH plc has a 12-month low of $47.14 and a 12-month high of $88.00.

CRH (NYSE:CRH) last issued 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 during the quarter. As a group, equities analysts anticipate that CRH plc will post 5.36 EPS for the current year.

CRH Announces Dividend

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

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.