Dimensional Fund Advisors LP Has $169.33 Million Stake in CRH plc (NYSE:CRH)

Dimensional Fund Advisors LP lifted its holdings in CRH plc (NYSE:CRH - Free Report) by 92.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,830,255 shares of the construction company's stock after purchasing an additional 877,386 shares during the quarter. Dimensional Fund Advisors LP owned 0.27% of CRH worth $169,334,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GeoWealth Management LLC increased its stake in CRH by 46.3% during the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock valued at $52,000 after buying an additional 177 shares during the period. Farringdon Capital Ltd. acquired a new position in shares of CRH during the fourth quarter valued at approximately $442,000. Marshall Wace LLP raised its holdings in CRH by 11.4% during the fourth quarter. Marshall Wace LLP now owns 3,819,389 shares of the construction company's stock worth $353,370,000 after purchasing an additional 392,028 shares in the last quarter. NewEdge Advisors LLC raised its holdings in CRH by 349.0% during the fourth quarter. NewEdge Advisors LLC now owns 3,354 shares of the construction company's stock worth $310,000 after purchasing an additional 2,607 shares in the last quarter. Finally, PEAK6 LLC acquired a new stake in CRH in the fourth quarter worth approximately $978,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CRH shares. Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock 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. Loop Capital started coverage on shares of CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. JPMorgan Chase & Co. lowered 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. Finally, Royal Bank of Canada dropped their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $112.36.

CRH Stock Performance

Shares of NYSE:CRH traded up $0.73 during mid-day trading on Monday, hitting $93.17. The stock had a trading volume of 2,557,573 shares, compared to its average volume of 6,713,374. The company's 50 day moving average is $92.68 and its 200-day moving average is $96.02. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The company has a market cap of $63.01 billion, a PE ratio of 18.65, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is presently 22.66%.

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.