CRH plc (NYSE:CRH) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in CRH plc (NYSE:CRH) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,504 shares of the construction company’s stock after purchasing an additional 5,074 shares during the quarter. Advisors Asset Management Inc.’s holdings in CRH were worth $8,842,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. First Financial Corp IN purchased a new stake in CRH during the first quarter valued at about $26,000. Orion Capital Management LLC increased its position in CRH by 100.0% in the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Pinnacle Bancorp Inc. acquired a new position in shares of CRH during the 4th quarter valued at $30,000. UMB Bank n.a. acquired a new position in shares of CRH in the 4th quarter worth $33,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of CRH in the fourth quarter worth $35,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup reduced their price objective on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Truist Financial boosted their price target on CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. StockNews.com cut CRH from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Royal Bank of Canada started coverage on CRH in a research report on Tuesday, May 14th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Stifel Nicolaus reiterated 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.90.

CRH Stock Up 2.5 %

NYSE CRH traded up $2.00 during trading on Friday, reaching $81.56. 2,793,672 shares of the company traded hands, compared to its average volume of 5,381,612. The stock’s 50 day moving average price is $78.08 and its two-hundred day moving average price is $78.41. CRH plc has a 1-year low of $51.59 and a 1-year high of $88.00.

CRH (NYSE:CRH) last announced its earnings results on Friday, May 10th. The construction company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. Equities analysts forecast that CRH plc will post 5.39 earnings per share for the current fiscal year.

CRH Increases Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th were issued a dividend of $0.35 per share. This is an increase from CRH’s previous Variable dividend of $0.23. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a yield of 1.7%.

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.