Vanguard Group Inc. boosted its stake in shares of CRH plc (NYSE:CRH - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,163,930 shares of the construction company's stock after purchasing an additional 145,101 shares during the period. Vanguard Group Inc. owned about 5.77% of CRH worth $3,624,719,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CRH by 7.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock valued at $144,605,000 after buying an additional 114,072 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after purchasing an additional 5,889 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of CRH by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock worth $226,732,000 after purchasing an additional 232,977 shares in the last quarter. Merit Financial Group LLC raised its position in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after purchasing an additional 5,610 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock valued at $6,733,000 after buying an additional 12,076 shares in the last quarter. Institutional investors own 62.50% of the company's stock.
CRH Stock Performance
CRH stock traded down $4.05 during trading on Friday, hitting $88.09. 11,039,934 shares of the company's stock traded hands, compared to its average volume of 5,457,916. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.15 and a beta of 1.30. The business has a fifty day simple moving average of $99.77 and a 200 day simple moving average of $96.60.
CRH Increases Dividend
The business also recently declared 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 represents a $1.48 annualized dividend and a yield of 1.68%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio (DPR) is currently 15.51%.
Analysts Set New Price Targets
A number of equities research analysts have commented on CRH shares. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Citigroup dropped their target price 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. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CRH has a consensus rating of "Buy" and a consensus price target of $109.64.
Check Out Our Latest Stock 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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