Fox Run Management L.L.C. Purchases New Position in CRH plc (NYSE:CRH)

Fox Run Management L.L.C. acquired a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,585 shares of the construction company's stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in CRH in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in shares of CRH in the 4th quarter valued at about $38,000. Deseret Mutual Benefit Administrators grew its position 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 worth $47,000 after buying an additional 236 shares during the last quarter. Spire Wealth Management bought a new position in shares of CRH during the 4th quarter worth approximately $57,000. Finally, Versant Capital Management Inc lifted its position in CRH by 111.4% during the fourth quarter. Versant Capital Management Inc now owns 668 shares of the construction company's stock valued at $62,000 after acquiring an additional 352 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 4.4 %

Shares of NYSE CRH traded down $4.05 during 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 12-month low of $71.18 and a 12-month high of $110.97. The stock has a market cap of $59.57 billion, a P/E ratio of 17.62, a PEG ratio of 1.15 and a beta of 1.30. The firm's fifty day simple moving average is $99.77 and its 200 day simple moving average is $96.68.

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CRH Increases Dividend

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

Wall Street Analyst Weigh In

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

About CRH

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.