CRH plc (NYSE:CRH) Holdings Increased by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lifted its position in CRH plc (NYSE:CRH) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,152 shares of the construction company’s stock after acquiring an additional 3,080 shares during the period. CRH comprises approximately 1.8% of Stockman Wealth Management Inc.’s holdings, making the stock its 18th largest position. Stockman Wealth Management Inc.’s holdings in CRH were worth $9,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Pinnacle Bancorp Inc. acquired a new stake in shares of CRH during the 4th quarter valued at $30,000. UMB Bank n.a. acquired a new position in shares of CRH during the fourth quarter worth approximately $33,000. WASHINGTON TRUST Co bought a new position in CRH during the fourth quarter worth $35,000. Chilton Capital Management LLC bought a new stake in CRH in the 4th quarter valued at $35,000. Finally, Allworth Financial LP raised its position in shares of CRH by 59.3% during the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock valued at $42,000 after buying an additional 289 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock traded up $0.55 during mid-day trading on Monday, hitting $77.60. 2,968,087 shares of the company’s stock were exchanged, compared to its average volume of 3,646,337. The company’s 50 day simple moving average is $82.01 and its 200-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 Dividend Announcement

The firm also recently declared a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were given 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 Analysts Forecast Growth

Several brokerages recently issued reports on CRH. Stifel Nicolaus restated a “hold” rating and set a $82.00 price target (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Citigroup raised their price target on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 5th. Jefferies Financial Group raised their price objective on shares of CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Finally, Vertical Research started coverage on shares of CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price target for the company. 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 company’s stock. According to MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price 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.