Vontobel Holding Ltd. Increases Stock Position in CRH plc (NYSE:CRH)

Vontobel Holding Ltd. grew its position in CRH plc (NYSE:CRH) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,604 shares of the construction company’s stock after purchasing an additional 11,654 shares during the period. Vontobel Holding Ltd.’s holdings in CRH were worth $21,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in CRH during the fourth quarter worth about $30,000. UMB Bank n.a. bought a new position in CRH during the fourth quarter worth about $33,000. WASHINGTON TRUST Co bought a new position in CRH during the fourth quarter worth about $35,000. Chilton Capital Management LLC bought a new position in CRH during the fourth quarter worth about $35,000. Finally, Financial Management Professionals Inc. boosted its position in CRH by 139.0% during the third quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock worth $30,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 2.6 %

Shares of NYSE CRH opened at $80.29 on Tuesday. CRH plc has a 52 week low of $47.14 and a 52 week high of $88.00. The firm’s fifty day moving average is $81.63 and its 200 day moving average is $69.55.

CRH Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup increased their target price on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research 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. DA Davidson initiated coverage on shares of CRH in a research report on Friday, January 19th. They issued a “buy” rating and a $82.00 price objective for the company. StockNews.com raised shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Finally, Truist Financial lifted their price target on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two 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 company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $79.31.

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.