CRH plc (NYSE:CRH) is Egerton Capital UK LLP's 9th Largest Position

Egerton Capital UK LLP decreased its holdings in CRH plc (NYSE:CRH - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,328,892 shares of the construction company's stock after selling 86,766 shares during the period. CRH makes up about 4.6% of Egerton Capital UK LLP's holdings, making the stock its 9th biggest holding. Egerton Capital UK LLP owned approximately 0.64% of CRH worth $400,509,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in CRH in the 4th quarter worth $32,000. Meeder Asset Management Inc. bought a new position in CRH in the 3rd quarter worth $35,000. Baillie Gifford & Co. raised its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Whipplewood Advisors LLC bought a new position in CRH in the 4th quarter worth $38,000. Finally, Deseret Mutual Benefit Administrators raised its holdings in CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRH shares. Citigroup lowered their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One equities 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 company's stock. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $109.25.

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CRH Stock Up 1.1 %

Shares of CRH stock opened at $94.83 on Wednesday. The company has a 50 day moving average price of $99.13 and a 200-day moving average price of $95.97. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a market capitalization of $64.19 billion, a PE ratio of 18.97, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. CRH's payout ratio is currently 20.87%.

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.

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