Mirae Asset Global Investments Co. Ltd. Makes New Investment in CRH plc (NYSE:CRH)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,050 shares of the construction company’s stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. acquired a new position in CRH in the fourth quarter valued at approximately $33,000. WASHINGTON TRUST Co acquired a new position in CRH during the 4th quarter valued at approximately $35,000. Chilton Capital Management LLC bought a new position in CRH during the 4th quarter worth $35,000. Allworth Financial LP increased its position in 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. Finally, Operose Advisors LLC acquired a new position in shares of CRH during the third quarter valued at $47,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 price objective (up previously from $80.00) on shares of CRH in a report on Monday, April 15th. Truist Financial boosted their price objective on CRH from $81.00 to $95.00 and gave the stock 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. Jefferies Financial Group boosted their price target on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, 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. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Stock Up 0.7 %

Shares of CRH stock opened at $77.60 on Tuesday. The stock has a 50-day simple moving average of $82.01 and a 200 day simple moving average of $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 firm also recently disclosed a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were paid a $0.262 dividend. The ex-dividend date was 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.