Lbp Am Sa Makes New $1.72 Million Investment in CRH plc (NYSE:CRH)

LBP AM SA purchased a new position in CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,635 shares of the construction company's stock, valued at approximately $1,724,000.

Several other institutional investors have also added to or reduced their stakes in CRH. FMR LLC boosted its holdings in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares during the last quarter. AGF Management Ltd. raised its stake in shares of CRH by 4,264.7% in the fourth quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock worth $95,714,000 after purchasing an additional 1,010,825 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of CRH by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock worth $796,546,000 after purchasing an additional 826,758 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

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Analysts Set New Price Targets

CRH has been the subject of several research analyst reports. Citigroup reduced their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Finally, StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CRH presently has an average rating of "Buy" and an average target price of $109.25.

CRH Trading Down 1.2 %

NYSE CRH traded down $1.21 on Thursday, reaching $97.55. 16,960,481 shares of the company were exchanged, compared to its average volume of 4,863,643. The business's fifty day moving average price is $99.65 and its 200 day moving average price is $96.26. The stock has a market capitalization of $66.03 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH Increases Dividend

The business 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 is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.52%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is 15.51%.

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.