Ritholtz Wealth Management Has $2.27 Million Stock Position in CRH plc (NYSE:CRH)

Ritholtz Wealth Management boosted its holdings in shares of CRH plc (NYSE:CRH) by 16.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,870 shares of the construction company’s stock after buying an additional 4,668 shares during the period. Ritholtz Wealth Management’s holdings in CRH were worth $2,273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. WASHINGTON TRUST Co purchased a new position in CRH in the fourth quarter valued at about $35,000. Planned Solutions Inc. purchased a new position in CRH in the fourth quarter valued at about $90,000. RNC Capital Management LLC grew its stake in CRH by 5.1% in the fourth quarter. RNC Capital Management LLC now owns 416,816 shares of the construction company’s stock valued at $28,827,000 after purchasing an additional 20,121 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of CRH by 6,371.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,384,209 shares of the construction company’s stock worth $234,042,000 after acquiring an additional 3,331,916 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of CRH during the 4th quarter worth about $67,757,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH traded up $0.23 during mid-day trading on Thursday, hitting $86.25. 2,496,436 shares of the company’s stock traded hands, compared to its average volume of 3,803,779. The firm has a 50 day moving average of $78.13 and a two-hundred day moving average of $66.75. CRH plc has a 12 month low of $46.84 and a 12 month high of $88.00.

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. DA Davidson initiated coverage on CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 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. 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. Finally, Vertical Research began coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 target price for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CRH presently has an average rating of “Buy” and an average price target of $74.64.

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.