Mirae Asset Global Investments Co. Ltd. Acquires Shares of 17,050 CRH plc (NYSE:CRH)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,050 shares of the construction company’s stock, valued at approximately $1,179,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. acquired a new stake in shares of CRH during the fourth quarter worth $33,000. WASHINGTON TRUST Co purchased a new stake in shares of CRH in the fourth quarter valued at about $35,000. Chilton Capital Management LLC acquired a new position in shares of CRH during the fourth quarter worth about $35,000. Allworth Financial LP raised its holdings in CRH by 59.3% during the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock worth $42,000 after purchasing an additional 289 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in CRH in the third quarter valued at about $47,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 0.7 %

NYSE:CRH opened at $77.60 on Tuesday. CRH plc has a 52-week low of $47.14 and a 52-week high of $88.00. The stock has a fifty day simple moving average of $82.01 and a 200-day simple moving average of $70.37.

CRH Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th were given a dividend of $0.262 per share. This represents a yield of 2%. The ex-dividend date was Thursday, March 14th.

Analysts Set New Price Targets

Several research firms have issued reports on CRH. Jefferies Financial Group boosted their target price on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Vertical Research assumed coverage on CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price objective for the company. DA Davidson started coverage on shares of CRH in a research report on Friday, January 19th. They set a “buy” rating and a $82.00 target price on the stock. Citigroup upped their price target on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average price target of $79.31.

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.