Cookson Peirce & Co. Inc. Purchases 813 Shares of CRH plc (NYSE:CRH)

Cookson Peirce & Co. Inc. increased its position in CRH plc (NYSE:CRH) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,095 shares of the construction company’s stock after buying an additional 813 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in CRH were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Barclays PLC purchased a new position in CRH in the 3rd quarter worth approximately $941,562,000. Vanguard Group Inc. purchased a new position in CRH in the 3rd quarter worth approximately $1,484,901,000. Asio Capital LLC increased its stake in CRH by 75.3% in the 4th quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock worth $3,736,000 after purchasing an additional 23,205 shares during the period. California Public Employees Retirement System purchased a new position in CRH in the 3rd quarter worth approximately $73,833,000. Finally, Sprucegrove Investment Management Ltd. purchased a new position in shares of CRH during the fourth quarter valued at approximately $395,583,000. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $79.19 on Wednesday. CRH plc has a fifty-two week low of $47.14 and a fifty-two week high of $88.00. The business’s 50-day moving average is $81.74 and its two-hundred day moving average is $69.72.

CRH Dividend Announcement

The company also recently announced a Variable dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th will be issued a $0.262 dividend. This represents a yield of 2%. The ex-dividend date of this dividend is Thursday, March 14th.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CRH shares. DA Davidson started coverage on CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 target price on the stock. Jefferies Financial Group upped their price target on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. StockNews.com raised CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Truist Financial upped their price target on CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Citigroup upped their price target on CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.31.

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.