Cerity Partners LLC raised its position in CRH plc (NYSE:CRH - Free Report) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,248 shares of the construction company's stock after acquiring an additional 50,881 shares during the quarter. Cerity Partners LLC's holdings in CRH were worth $15,667,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CRH. Norges Bank purchased a new position in CRH in the fourth quarter valued at $1,391,245,000. FMR LLC grew its holdings in shares of CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of CRH by 17.0% in the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the period. AGF Management Ltd. grew its stake in CRH by 4,264.7% during the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock worth $95,714,000 after buying an additional 1,010,825 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of CRH by 32,560.1% in the fourth quarter. National Bank of Canada FI now owns 951,714 shares of the construction company's stock valued at $88,053,000 after acquiring an additional 948,800 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.
CRH Price Performance
CRH stock traded up $0.59 during midday trading on Tuesday, hitting $86.37. The stock had a trading volume of 1,291,381 shares, compared to its average volume of 5,615,020. The company's 50-day moving average price is $96.09 and its 200 day moving average price is $96.21. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a market cap of $58.41 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.
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 given a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a boost from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.71%. CRH's dividend payout ratio (DPR) is currently 22.66%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CRH. Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada lowered their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday. Loop Capital initiated coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Finally, Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $109.83.
Read Our Latest Research Report on CRH
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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