Knights of Columbus Asset Advisors LLC Acquires 42,193 Shares of CRH plc (NYSE:CRH)

Knights of Columbus Asset Advisors LLC raised its stake in shares of CRH plc (NYSE:CRH - Free Report) by 506.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,521 shares of the construction company's stock after purchasing an additional 42,193 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in CRH were worth $4,674,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AXQ Capital LP acquired a new position in shares of CRH during the 4th quarter valued at $274,000. Intellus Advisors LLC bought a new stake in CRH during the fourth quarter worth $741,000. Sei Investments Co. lifted its stake in CRH by 10.1% during the 4th quarter. Sei Investments Co. now owns 196,578 shares of the construction company's stock valued at $18,191,000 after acquiring an additional 18,071 shares in the last quarter. Quantbot Technologies LP grew its position in CRH by 107.6% in the 4th quarter. Quantbot Technologies LP now owns 59,086 shares of the construction company's stock worth $5,467,000 after purchasing an additional 30,624 shares in the last quarter. Finally, Lingohr Asset Management GmbH bought a new position in CRH in the 4th quarter valued at $326,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 4.0 %

Shares of NYSE:CRH traded down $3.98 during trading on Wednesday, reaching $94.63. 6,411,430 shares of the company traded hands, compared to its average volume of 5,119,868. The business's fifty day moving average is $100.05 and its 200-day moving average is $96.62. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The firm has a market capitalization of $64.00 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.15 and a beta of 1.30.

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CRH Increases Dividend

The firm also recently disclosed 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 represents a $1.48 annualized dividend and a yield of 1.56%. This is a boost from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio (DPR) is 15.51%.

Analyst Ratings Changes

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

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.