Sequoia Financial Advisors LLC Buys 1,786 Shares of CRH plc (NYSE:CRH)

Sequoia Financial Advisors LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 30.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,664 shares of the construction company’s stock after acquiring an additional 1,786 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CRH were worth $530,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its stake in shares of CRH by 139.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock valued at $30,000 after acquiring an additional 317 shares during the period. Pinnacle Bancorp Inc. bought a new position in shares of CRH during the 4th quarter valued at approximately $30,000. KB Financial Partners LLC bought a new position in shares of CRH during the 1st quarter valued at approximately $30,000. UMB Bank n.a. bought a new position in shares of CRH during the 4th quarter valued at approximately $33,000. Finally, WASHINGTON TRUST Co bought a new position in CRH in the 4th quarter worth approximately $35,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Vertical Research assumed coverage on CRH in a research note on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target for the company. 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. DA Davidson assumed coverage on CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 price target for the company. 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. Finally, 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. Two equities 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.31.

CRH Trading Down 1.4 %

NYSE CRH opened at $79.19 on Wednesday. CRH plc has a one year low of $47.14 and a one year high of $88.00. The stock has a 50 day moving average price of $81.74 and a 200-day moving average price of $69.72.

CRH Announces Dividend

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

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.