20,436 Shares in CRH plc (NYSE:CRH) Bought by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC purchased a new position in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,436 shares of the construction company’s stock, valued at approximately $1,408,000.

A number of other institutional investors also recently added to or reduced their stakes in CRH. Pinnacle Bancorp Inc. purchased a new stake in shares of CRH during the fourth quarter valued at $30,000. UMB Bank n.a. purchased a new stake in shares of CRH during the fourth quarter valued at $33,000. WASHINGTON TRUST Co purchased a new stake in shares of CRH during the fourth quarter valued at $35,000. Chilton Capital Management LLC purchased a new stake in shares of CRH during the fourth quarter valued at $35,000. Finally, GAMMA Investing LLC purchased a new stake in shares of CRH during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent research reports. 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 for the company. Vertical Research initiated coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price target for the company. Jefferies Financial Group raised their price target on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup raised 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 reissued a “hold” rating and issued a $82.00 price objective (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Price Performance

Shares of NYSE:CRH traded up $1.35 during trading on Friday, hitting $78.55. 2,298,922 shares of the stock were exchanged, compared to its average volume of 2,898,403. The company’s fifty day simple moving average is $82.23 and its 200-day simple moving average is $70.78. CRH plc has a 1-year low of $47.14 and a 1-year high of $88.00.

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

CRH Dividend Announcement

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

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.