CRH plc (NYSE:CRH) Shares Bought by Mariner LLC

Mariner LLC boosted its stake in shares of CRH plc (NYSE:CRH - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,254 shares of the construction company's stock after buying an additional 5,851 shares during the quarter. Mariner LLC's holdings in CRH were worth $6,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in CRH in the 3rd quarter valued at approximately $3,581,000. Eaton Financial Holdings Company LLC purchased a new position in shares of CRH in the third quarter valued at $417,000. World Investment Advisors LLC acquired a new position in shares of CRH during the 3rd quarter worth $209,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of CRH in the 3rd quarter worth about $440,000. Finally, Tidal Investments LLC grew its stake in CRH by 168.7% in the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock valued at $2,049,000 after acquiring an additional 13,868 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRH. Royal Bank of Canada cut their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $112.36.

CRH Trading Up 1.6 %

Shares of NYSE CRH traded up $1.48 on Friday, reaching $92.83. 2,581,471 shares of the company traded hands, compared to its average volume of 5,674,104. The stock has a market capitalization of $62.78 billion, a PE ratio of 18.57, a P/E/G 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. The company has a 50 day moving average of $93.04 and a 200 day moving average of $95.91.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This is a positive change from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.59%. CRH's dividend payout ratio is 22.66%.

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.