Envestnet Asset Management Inc. Acquires 6,734 Shares of CRH plc (NYSE:CRH)

Envestnet Asset Management Inc. increased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,063,540 shares of the construction company's stock after purchasing an additional 6,734 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of CRH worth $98,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in CRH in the 4th quarter worth $32,000. Brown Brothers Harriman & Co. lifted its position in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $38,000. Deseret Mutual Benefit Administrators grew its holdings in shares of CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after purchasing an additional 236 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in shares of CRH during the fourth quarter valued at approximately $57,000. Institutional investors own 62.50% of the company's stock.

CRH Stock Up 2.3 %

CRH stock traded up $1.92 during trading on Monday, hitting $86.66. The company had a trading volume of 1,141,290 shares, compared to its average volume of 6,942,584. The firm has a 50-day moving average price of $96.40 and a 200-day moving average price of $96.26. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a market cap of $58.61 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is presently 22.66%.

Analyst Upgrades and Downgrades

CRH has been the topic of several analyst reports. 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 report on Tuesday, March 11th. Loop Capital started coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. Royal Bank of Canada decreased their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday. Finally, StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. One research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $109.83.

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.