CRH plc (NYSE:CRH) Stake Raised by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in shares of CRH plc (NYSE:CRH - Free Report) by 63.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,038 shares of the construction company's stock after buying an additional 10,460 shares during the period. Rockefeller Capital Management L.P.'s holdings in CRH were worth $2,501,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in CRH during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. raised its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after purchasing an additional 240 shares during the period. Whipplewood Advisors LLC bought a new position in shares of CRH in the 4th quarter worth about $38,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after buying an additional 236 shares during the period. Finally, Spire Wealth Management acquired a new position in shares of CRH in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Performance

Shares of NYSE:CRH traded up $2.17 during trading on Wednesday, reaching $87.89. The company had a trading volume of 6,540,707 shares, compared to its average volume of 5,662,969. The firm's fifty day moving average is $93.78 and its 200 day moving average is $95.95. The firm has a market capitalization of $59.44 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 14th. CRH's dividend payout ratio is 22.66%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CRH shares. JPMorgan Chase & Co. dropped their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Berenberg Bank set a $120.00 price objective on CRH in a research note on Friday, February 28th. Loop Capital initiated coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $112.36.

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.