CenterBook Partners LP bought a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,294 shares of the construction company's stock, valued at approximately $1,045,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. grew its stake in CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after purchasing an additional 240 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of CRH in the fourth quarter valued at about $38,000. Deseret Mutual Benefit Administrators increased its holdings 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 valued at $47,000 after purchasing an additional 236 shares during the period. Finally, Spire Wealth Management purchased a new position in shares of CRH in the fourth quarter worth about $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
CRH Stock Performance
CRH stock traded up $0.22 during trading on Tuesday, reaching $86.00. The company had a trading volume of 3,067,840 shares, compared to its average volume of 5,631,571. The firm's 50-day simple moving average is $96.09 and its 200 day simple moving average is $96.21. The firm has a market capitalization of $58.16 billion, a PE ratio of 17.20, a price-to-earnings-growth 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.
CRH Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.72%. This is a boost from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is currently 22.66%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of 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 shares of CRH in a research note on Friday, February 28th. Royal Bank of Canada reduced their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday. Citigroup lowered their price target 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. Finally, Loop Capital assumed coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $109.83.
View Our Latest Stock Report on CRH
CRH Company Profile
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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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