Intellus Advisors LLC Invests $741,000 in CRH plc (NYSE:CRH)

Intellus Advisors LLC purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,008 shares of the construction company's stock, valued at approximately $741,000.

Several other institutional investors have also bought and sold shares of CRH. Thrivent Financial for Lutherans raised its position in CRH by 40.1% during the third quarter. Thrivent Financial for Lutherans now owns 5,508 shares of the construction company's stock valued at $511,000 after purchasing an additional 1,577 shares during the period. Caprock Group LLC lifted its holdings in shares of CRH by 82.5% in the 3rd quarter. Caprock Group LLC now owns 12,543 shares of the construction company's stock worth $1,163,000 after acquiring an additional 5,669 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CRH during the 3rd quarter worth about $405,000. Landscape Capital Management L.L.C. purchased a new stake in CRH in the 3rd quarter worth about $210,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in CRH by 25.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,217,655 shares of the construction company's stock worth $205,665,000 after purchasing an additional 446,363 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRH. Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $109.64.

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CRH Trading Down 4.0 %

Shares of NYSE CRH traded down $3.98 during midday trading on Wednesday, reaching $94.63. The company had a trading volume of 6,411,430 shares, compared to its average volume of 5,119,868. The stock has a market cap of $64.00 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The business's 50-day simple moving average is $100.05 and its 200 day simple moving average is $96.62.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. CRH's payout ratio is currently 15.51%.

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.