CRH plc (NYSE:CRH) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its position in shares of CRH plc (NYSE:CRH) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,247 shares of the construction company’s stock after selling 256 shares during the period. Marks Group Wealth Management Inc’s holdings in CRH were worth $847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in CRH during the fourth quarter worth about $30,000. UMB Bank n.a. acquired a new stake in CRH during the fourth quarter worth about $33,000. WASHINGTON TRUST Co acquired a new stake in CRH during the fourth quarter worth about $35,000. Chilton Capital Management LLC acquired a new stake in CRH during the fourth quarter worth about $35,000. Finally, Allworth Financial LP boosted its position in shares of CRH by 59.3% in the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock worth $42,000 after buying an additional 289 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH traded up $1.15 during mid-day trading on Tuesday, hitting $78.75. The stock had a trading volume of 1,303,315 shares, compared to its average volume of 3,615,153. The company’s fifty day simple moving average is $82.01 and its two-hundred day simple moving average is $70.37. CRH plc has a fifty-two week low of $47.14 and a fifty-two week high of $88.00.

CRH Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on CRH shares. Vertical Research started coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective for the company. Citigroup raised their price objective on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. DA Davidson started coverage on CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 price objective for the company. Truist Financial raised their price objective on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Jefferies Financial Group lifted their target price on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CRH has an average rating of “Moderate Buy” and an average price target of $79.31.

CRH 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.