New York Life Investment Management LLC Takes $688,000 Position in CRH plc (NYSE:CRH)

New York Life Investment Management LLC acquired 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 SEC. The fund acquired 9,942 shares of the construction company’s stock, valued at approximately $688,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of CRH during the third quarter worth $1,484,901,000. Barclays PLC acquired a new position in CRH during the 3rd quarter valued at about $941,562,000. Greenhaven Associates Inc. raised its stake in CRH by 0.9% in the fourth quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock valued at $770,576,000 after buying an additional 103,510 shares during the last quarter. Invesco Ltd. raised its stake in CRH by 1,136.3% in the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock valued at $469,982,000 after buying an additional 7,892,691 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in CRH in the third quarter worth about $418,653,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $79.79 on Thursday. The business has a 50-day moving average price of $82.40 and a 200 day moving average price of $72.07. CRH plc has a twelve month low of $47.14 and a twelve month high of $88.00.

CRH (NYSE:CRH) last announced its earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $8.69 billion for the quarter. As a group, equities analysts expect that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRH shares. DA Davidson began coverage on shares of CRH in a report on Friday, January 19th. They set a “buy” rating and a $82.00 price objective on the stock. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Jefferies Financial Group raised their price objective on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup increased their price target on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Truist Financial upped their price objective on shares of CRH from $81.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.