LGT Group Foundation Reduces Holdings in CRH plc (NYSE:CRH)

LGT Group Foundation decreased its holdings in CRH plc (NYSE:CRH) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,952 shares of the construction company’s stock after selling 9,825 shares during the quarter. LGT Group Foundation’s holdings in CRH were worth $1,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC lifted its holdings in CRH by 100.0% during the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new position in CRH during the fourth quarter valued at approximately $30,000. UMB Bank n.a. purchased a new position in 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. Finally, Chilton Capital Management LLC bought a new stake in shares of CRH during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CRH shares. Jefferies Financial Group lifted their price objective on shares of CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. DA Davidson began coverage on shares of CRH in a research report on Friday, January 19th. They issued a “buy” rating and a $82.00 price target on the stock. Vertical Research began coverage on shares of CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Stock Performance

NYSE CRH opened at $80.44 on Friday. The company’s 50-day moving average price is $82.27 and its 200-day moving average price is $71.33. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00.

CRH (NYSE:CRH) last posted 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. As a group, equities research analysts expect that CRH plc will post 5.36 earnings per share for the current year.

CRH Dividend Announcement

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

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.