Hunter Associates Investment Management LLC Boosts Stake in CRH plc (NYSE:CRH)

Hunter Associates Investment Management LLC lifted its holdings in CRH plc (NYSE:CRH) by 70.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,040 shares of the construction company’s stock after purchasing an additional 4,550 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in CRH were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Janiczek Wealth Management LLC increased its position in CRH by 3.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock valued at $329,000 after acquiring an additional 155 shares during the last quarter. Global Retirement Partners LLC increased its position in CRH by 15.3% in the third quarter. Global Retirement Partners LLC now owns 1,384 shares of the construction company’s stock worth $75,000 after buying an additional 184 shares in the last quarter. Allworth Financial LP increased its position in CRH by 25.6% in the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after buying an additional 199 shares in the last quarter. Clearstead Advisors LLC increased its position in CRH by 14.3% in the third quarter. Clearstead Advisors LLC now owns 1,600 shares of the construction company’s stock worth $88,000 after buying an additional 200 shares in the last quarter. Finally, Gradient Investments LLC increased its position in CRH by 2.1% in the third quarter. Gradient Investments LLC now owns 9,763 shares of the construction company’s stock worth $534,000 after buying an additional 201 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of analyst reports. 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 report on Monday, March 4th. Stifel Nicolaus restated a “hold” rating and issued a $82.00 price target (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Vertical Research began coverage on CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 target price for the company. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Finally, DA Davidson began coverage on CRH in a research report on Friday, January 19th. They set a “buy” rating and a $82.00 target price for the company. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CRH has an average rating of “Moderate Buy” and an average price target of $79.31.

CRH Price Performance

CRH stock traded down $0.09 during midday trading on Friday, reaching $77.05. 3,030,480 shares of the stock traded hands, compared to its average volume of 2,847,704. The stock’s fifty day moving average is $81.93 and its 200-day moving average is $69.99. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00.

CRH Announces Dividend

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

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.