Ashton Thomas Private Wealth LLC raised its stake in shares of CRH plc (NYSE:CRH - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,944 shares of the construction company's stock after acquiring an additional 3,157 shares during the period. Ashton Thomas Private Wealth LLC's holdings in CRH were worth $3,418,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in CRH. New York State Teachers Retirement System acquired a new position in shares of CRH in the third quarter valued at approximately $2,665,000. Farther Finance Advisors LLC grew its stake in CRH by 10.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,172 shares of the construction company's stock worth $201,000 after purchasing an additional 202 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in CRH by 40.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 52,157 shares of the construction company's stock worth $4,837,000 after purchasing an additional 15,094 shares during the period. Robeco Institutional Asset Management B.V. raised its position in CRH by 37.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 114,618 shares of the construction company's stock valued at $10,630,000 after purchasing an additional 30,927 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of CRH by 9.9% during the third quarter. QRG Capital Management Inc. now owns 5,850 shares of the construction company's stock worth $543,000 after buying an additional 525 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
CRH Stock Performance
CRH stock traded down $1.45 during mid-day trading on Friday, reaching $97.34. 10,134,933 shares of the company were exchanged, compared to its average volume of 4,642,917. The firm's 50-day simple moving average is $99.06 and its two-hundred day simple moving average is $95.84. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a market cap of $66.11 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.
CRH Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.52%. CRH's dividend payout ratio (DPR) is currently 20.87%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. DA Davidson raised their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 target price on the stock. Morgan Stanley boosted their price target on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Finally, Citigroup cut their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $108.45.
Read Our Latest Stock Analysis on CRH
About CRH
(
Free Report)
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.
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