Guyasuta Investment Advisors Inc. Purchases Shares of 3,959 CRH plc (NYSE:CRH)

Guyasuta Investment Advisors Inc. acquired a new stake in CRH plc (NYSE:CRH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,959 shares of the construction company’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC acquired a new position in shares of CRH in the 3rd quarter valued at about $941,562,000. International Assets Investment Management LLC acquired a new position in CRH during the 4th quarter worth approximately $3,358,000. Vanguard Group Inc. acquired a new position in CRH during the 3rd quarter worth approximately $1,484,901,000. Asio Capital LLC raised its stake in shares of CRH by 75.3% in the fourth 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 last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of CRH in the third quarter worth approximately $73,833,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 0.4 %

CRH stock opened at $78.85 on Tuesday. CRH plc has a one year low of $47.14 and a one year high of $88.00. The business has a fifty day moving average price of $82.26 and a 200-day moving average price of $71.10.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 EPS for the quarter. The company had revenue of $8.69 billion during the quarter. On average, research analysts predict that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Announces Dividend

The business 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. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Thursday, March 14th.

Analyst Ratings Changes

Several analysts have recently commented on CRH shares. Citigroup increased their price objective on CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. DA Davidson started coverage on CRH in a report on Friday, January 19th. They issued a “buy” rating and a $82.00 target price for the company. Jefferies Financial Group upped their target price on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. Truist Financial upped their target price on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 target price (up from $80.00) on shares of CRH in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.