Callan Family Office LLC bought a new position in CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,945 shares of the construction company's stock, valued at approximately $272,000.
A number of other hedge funds also recently added to or reduced their stakes in CRH. Arkadios Wealth Advisors increased its holdings in shares of CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock worth $216,000 after acquiring an additional 109 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock valued at $90,000 after purchasing an additional 150 shares during the period. Manitou Investment Management Ltd. increased its stake in shares of CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock valued at $1,037,000 after purchasing an additional 160 shares during the period. Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after buying an additional 162 shares during the last quarter. Finally, Graypoint LLC boosted its position in shares of CRH by 5.4% during the fourth quarter. Graypoint LLC now owns 3,315 shares of the construction company's stock worth $307,000 after buying an additional 170 shares during the period. 62.50% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CRH has been the topic of several analyst reports. Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $109.25.
Read Our Latest Analysis on CRH
CRH Stock Up 4.0 %
CRH stock traded up $3.81 during mid-day trading on Wednesday, hitting $98.44. The company's stock had a trading volume of 4,910,048 shares, compared to its average volume of 4,703,822. The stock has a market capitalization of $66.64 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock's fifty day moving average price is $99.13 and its two-hundred day moving average price is $95.97.
CRH Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost 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 presently 20.87%.
CRH Profile
(
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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