Catalyst Funds Management Pty Ltd Increases Stake in CRH plc (NYSE:CRH)

Catalyst Funds Management Pty Ltd grew its stake in shares of CRH plc (NYSE:CRH - Free Report) by 7,055.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,400 shares of the construction company's stock after purchasing an additional 63,500 shares during the quarter. CRH makes up about 1.5% of Catalyst Funds Management Pty Ltd's holdings, making the stock its 10th biggest position. Catalyst Funds Management Pty Ltd's holdings in CRH were worth $5,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Assetmark Inc. increased its holdings in shares of CRH by 29.2% in the 3rd quarter. Assetmark Inc. now owns 1,598 shares of the construction company's stock valued at $148,000 after acquiring an additional 361 shares during the period. Covestor Ltd acquired a new position in shares of CRH in the 3rd quarter valued at $58,000. Sigma Planning Corp increased its stake in CRH by 5.5% in the 3rd quarter. Sigma Planning Corp now owns 4,338 shares of the construction company's stock valued at $402,000 after buying an additional 227 shares during the period. Crossmark Global Holdings Inc. acquired a new position in CRH in the 3rd quarter valued at $483,000. Finally, Victory Capital Management Inc. increased its stake in CRH by 6,859.4% in the 3rd quarter. Victory Capital Management Inc. now owns 191,105 shares of the construction company's stock valued at $17,723,000 after buying an additional 188,359 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRH. 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. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Finally, Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $109.25.

CRH Price Performance

NYSE CRH traded up $2.64 on Wednesday, reaching $98.78. The company had a trading volume of 17,809,533 shares, compared to its average volume of 4,814,671. The firm has a market capitalization of $66.86 billion, a PE ratio of 19.76, 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 firm has a 50-day moving average of $99.52 and a 200-day moving average of $96.25.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders 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 yield of 1.50%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is currently 15.51%.

CRH Company Profile

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.