GAMMA Investing LLC Acquires Shares of 514 CRH plc (NYSE:CRH)

GAMMA Investing LLC bought a new position in CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 514 shares of the construction company’s stock, valued at approximately $37,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in CRH during the third quarter worth $1,484,901,000. Barclays PLC bought a new position in CRH during the 3rd quarter valued at about $941,562,000. Greenhaven Associates Inc. raised its position in CRH by 0.9% in the 4th quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock worth $770,576,000 after purchasing an additional 103,510 shares during the period. Invesco Ltd. lifted its stake in CRH by 1,136.3% in the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock worth $469,982,000 after purchasing an additional 7,892,691 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of CRH during the third quarter valued at approximately $418,653,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CRH shares. StockNews.com raised CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Vertical Research initiated coverage on shares of CRH in a report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target on the stock. Truist Financial raised their price target on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup boosted their price objective on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, 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 target price on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.31.

CRH Stock Up 1.1 %

Shares of CRH opened at $80.44 on Friday. The company has a 50 day moving average price of $82.30 and a 200-day moving average price of $71.49. CRH plc has a fifty-two week low of $47.14 and a fifty-two week high of $88.00.

CRH (NYSE:CRH) last posted its earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share for the quarter. The company had revenue of $8.69 billion for the quarter. As a group, sell-side analysts anticipate that CRH plc will post 5.36 earnings per share for the current fiscal year.

CRH Announces Dividend

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