Mirabella Financial Services LLP Takes Position in CRH plc (NYSE:CRH)

Mirabella Financial Services LLP bought a new position in CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 15,371 shares of the construction company's stock, valued at approximately $1,422,000.

Several other hedge funds have also bought and sold shares of CRH. MML Investors Services LLC boosted its holdings in CRH by 14.9% in the 4th quarter. MML Investors Services LLC now owns 40,635 shares of the construction company's stock worth $3,760,000 after buying an additional 5,277 shares during the period. Capital World Investors grew its position in shares of CRH by 0.6% during the fourth quarter. Capital World Investors now owns 2,839,561 shares of the construction company's stock worth $262,714,000 after purchasing an additional 17,918 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of CRH by 92.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,830,255 shares of the construction company's stock worth $169,334,000 after purchasing an additional 877,386 shares in the last quarter. GeoWealth Management LLC lifted its holdings in CRH by 46.3% in the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock worth $52,000 after purchasing an additional 177 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new position in CRH in the 4th quarter worth approximately $442,000. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research reports. Berenberg Bank set a $120.00 price objective on shares of CRH in a report on Friday, February 28th. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Royal Bank of Canada reduced their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Citigroup lowered their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $112.36.

CRH Stock Performance

CRH stock traded up $1.27 during midday trading on Friday, reaching $92.62. The company's stock had a trading volume of 5,629,780 shares, compared to its average volume of 5,685,409. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm has a market capitalization of $62.64 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.15 and a beta of 1.30. The stock has a fifty day simple moving average of $93.04 and a two-hundred day simple moving average of $95.91.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was 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 1.60%. CRH's payout ratio is 22.66%.

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.