Greenland Capital Management LP Has $2.22 Million Position in CRH plc (NYSE:CRH)

Greenland Capital Management LP lessened its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,943 shares of the construction company's stock after selling 3,844 shares during the period. Greenland Capital Management LP's holdings in CRH were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its stake in 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 acquiring an additional 114,072 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock valued at $3,012,000 after purchasing an additional 5,889 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CRH by 10.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock valued at $226,732,000 after purchasing an additional 232,977 shares during the period. Merit Financial Group LLC raised its stake in shares of CRH by 31.8% during the fourth 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock worth $6,733,000 after purchasing an additional 12,076 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 1.8 %

Shares of NYSE CRH traded up $1.49 during mid-day trading on Friday, hitting $84.75. 5,355,852 shares of the company traded hands, compared to its average volume of 5,637,151. The business has a 50 day moving average of $96.40 and a two-hundred day moving average of $96.26. The stock has a market capitalization of $57.31 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. CRH's dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

Several equities analysts have commented on CRH shares. JPMorgan Chase & Co. lowered their target price 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. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Loop Capital assumed coverage on CRH in a research report on Wednesday. They issued a "buy" rating and a $114.00 target price for the company. Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. Finally, Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $110.00.

CRH Company 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.