International Assets Investment Management LLC Buys Shares of 48,550 CRH plc (NYSE:CRH)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. grew its holdings in CRH by 139.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock worth $30,000 after acquiring an additional 317 shares during the period. KB Financial Partners LLC acquired a new stake in shares of CRH during the first quarter worth $30,000. UMB Bank n.a. bought a new stake in CRH in the fourth quarter valued at about $33,000. WASHINGTON TRUST Co bought a new stake in CRH in the fourth quarter valued at about $35,000. Finally, Chilton Capital Management LLC bought a new position in CRH during the fourth quarter worth about $35,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Down 0.8 %

CRH opened at $78.51 on Thursday. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00. The firm’s fifty day simple moving average is $81.82 and its 200 day simple moving average is $69.78.

CRH Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on CRH shares. DA Davidson began coverage on CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 price target for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 target price (up previously from $80.00) on shares of CRH in a research note on Monday. Jefferies Financial Group lifted their price target on shares of CRH from $89.70 to $100.00 and gave the stock 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. Finally, Citigroup lifted their target price on CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

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.