CRH plc (NYSE:CRH) is Mirabaud Asset Management Ltd's 8th Largest Position

Mirabaud Asset Management Ltd raised its position in shares of CRH plc (NYSE:CRH - Free Report) by 65.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,573 shares of the construction company's stock after buying an additional 37,343 shares during the period. CRH comprises about 4.1% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 8th biggest holding. Mirabaud Asset Management Ltd's holdings in CRH were worth $8,744,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ilmarinen Mutual Pension Insurance Co bought a new position in CRH in the fourth quarter worth about $13,878,000. Envestnet Asset Management Inc. increased its position in CRH by 0.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,063,540 shares of the construction company's stock valued at $98,399,000 after buying an additional 6,734 shares in the last quarter. Solstein Capital LLC purchased a new position in CRH during the fourth quarter valued at $102,000. Prudential PLC raised its holdings in CRH by 9.8% in the fourth quarter. Prudential PLC now owns 17,009 shares of the construction company's stock worth $1,574,000 after buying an additional 1,525 shares during the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in CRH in the 4th quarter valued at approximately $917,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Down 5.3 %

Shares of CRH stock traded down $4.76 on Thursday, reaching $84.27. 4,928,685 shares of the stock were exchanged, compared to its average volume of 5,599,044. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The business has a 50 day moving average price of $96.96 and a two-hundred day moving average price of $96.35. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a $0.37 dividend. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, March 14th. CRH's dividend payout ratio is 22.66%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CRH shares. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Loop Capital began coverage on CRH in a research report on Wednesday. They set a "buy" rating and a $114.00 target price for the company. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CRH currently has a consensus rating of "Buy" and a consensus target price of $110.00.

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.