TrueMark Investments LLC Has $3.60 Million Holdings in CRH plc (NYSE:CRH)

TrueMark Investments LLC increased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,912 shares of the construction company's stock after acquiring an additional 3,275 shares during the period. TrueMark Investments LLC's holdings in CRH were worth $3,600,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new stake in CRH during the fourth quarter worth about $38,000. Deseret Mutual Benefit Administrators raised its position in CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after acquiring an additional 236 shares in the last quarter. Spire Wealth Management acquired a new position in CRH in the fourth quarter valued at approximately $57,000. Finally, Versant Capital Management Inc grew its stake in shares of CRH by 111.4% during the 4th quarter. Versant Capital Management Inc now owns 668 shares of the construction company's stock worth $62,000 after purchasing an additional 352 shares during the period. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 price target on shares of CRH in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CRH currently has a consensus rating of "Buy" and a consensus price target of $109.64.

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CRH Price Performance

Shares of NYSE CRH traded down $4.05 during mid-day trading on Friday, reaching $88.09. 11,039,934 shares of the company traded hands, compared to its average volume of 5,457,916. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a fifty day simple moving average of $99.77 and a 200-day simple moving average of $96.68. The firm has a market cap of $59.57 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.68%. CRH's payout ratio is currently 15.51%.

CRH 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.