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

International Assets Investment Management LLC purchased a new stake in CRH plc (NYSE:CRH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 48,550 shares of the construction company’s stock, valued at approximately $3,358,000.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC acquired a new position in shares of CRH in the third quarter valued at approximately $941,562,000. Vanguard Group Inc. acquired a new position in CRH in the 3rd quarter valued at $1,484,901,000. Asio Capital LLC increased its position in CRH by 75.3% during the 4th quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock worth $3,736,000 after buying an additional 23,205 shares during the period. California Public Employees Retirement System acquired a new stake in shares of CRH during the third quarter worth $73,833,000. Finally, Swiss National Bank bought a new stake in shares of CRH in the third quarter valued at about $150,498,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.7 %

Shares of CRH opened at $80.32 on Friday. CRH plc has a 52-week low of $47.14 and a 52-week high of $88.00. The business’s fifty day moving average is $82.42 and its 200-day moving average is $72.12.

CRH (NYSE:CRH) last released its earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $8.69 billion during the quarter. Research analysts forecast that CRH plc will post 5.36 earnings per share for the current year.

CRH Announces Dividend

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

Analysts Set New Price Targets

CRH has been the topic of a number of recent research reports. DA Davidson initiated coverage on shares of CRH in a research report on Friday, January 19th. They set a “buy” rating and a $82.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price target (up from $80.00) on shares of CRH in a research report on Monday, April 15th. StockNews.com raised CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Jefferies Financial Group lifted their price objective on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Citigroup raised their price target on CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.