LGT Group Foundation Has $1.24 Million Position in CRH plc (NYSE:CRH)

LGT Group Foundation reduced its holdings in shares of CRH plc (NYSE:CRH) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,952 shares of the construction company’s stock after selling 9,825 shares during the period. LGT Group Foundation’s holdings in CRH were worth $1,237,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC lifted its holdings in CRH by 3.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock valued at $329,000 after purchasing an additional 155 shares during the last quarter. Allworth Financial LP lifted its holdings in CRH by 25.6% during the 4th quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock valued at $67,000 after purchasing an additional 199 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in CRH by 14.3% during the 3rd quarter. Clearstead Advisors LLC now owns 1,600 shares of the construction company’s stock valued at $88,000 after purchasing an additional 200 shares during the last quarter. Orion Capital Management LLC lifted its holdings in CRH by 100.0% during the 4th 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 during the last quarter. Finally, Gradient Investments LLC lifted its holdings in CRH by 2.1% during the 3rd quarter. Gradient Investments LLC now owns 9,763 shares of the construction company’s stock valued at $534,000 after purchasing an additional 201 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

CRH opened at $80.44 on Friday. The firm has a 50 day simple moving average of $82.27 and a 200 day simple moving average of $71.33. 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 quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share for the quarter. The business had revenue of $8.69 billion for the quarter. Analysts forecast that CRH plc will post 5.36 EPS for the current year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 5th. DA Davidson began coverage on shares of CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 target price for the company. Truist Financial boosted their target price 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. StockNews.com raised shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Finally, Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They issued a “buy” rating and a $105.00 target price for the company. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.