Banco BTG Pactual S.A. Raises Stock Holdings in CRH plc (NYSE:CRH)

Banco BTG Pactual S.A. raised its stake in CRH plc (NYSE:CRH - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,627 shares of the construction company's stock after acquiring an additional 3,547 shares during the period. Banco BTG Pactual S.A.'s holdings in CRH were worth $707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in CRH in the 4th quarter worth about $32,000. Whipplewood Advisors LLC purchased a new position in CRH in the fourth quarter worth about $38,000. Deseret Mutual Benefit Administrators lifted its stake in shares of CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after buying an additional 236 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of CRH during the fourth quarter valued at approximately $57,000. Finally, Versant Capital Management Inc increased its position in shares of CRH by 111.4% during the fourth quarter. Versant Capital Management Inc now owns 668 shares of the construction company's stock valued at $62,000 after acquiring an additional 352 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 4.4 %

NYSE:CRH traded down $4.05 on Friday, hitting $88.09. The stock had a trading volume of 11,039,934 shares, compared to its average volume of 5,457,916. The business's 50-day simple moving average is $99.77 and its two-hundred day simple moving average is $96.68. The stock has a market cap of $59.57 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

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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. This represents a $1.48 annualized dividend and a yield of 1.68%. This is a positive change from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH's payout ratio is 15.51%.

Wall Street Analyst Weigh In

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

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.