OneDigital Investment Advisors LLC Boosts Stock Position in CRH plc (NYSE:CRH)

OneDigital Investment Advisors LLC grew its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,642 shares of the construction company's stock after buying an additional 17,484 shares during the quarter. OneDigital Investment Advisors LLC's holdings in CRH were worth $4,223,000 as of its most recent SEC filing.

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

CRH Stock Up 3.5 %

NYSE:CRH opened at $85.57 on Wednesday. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The business's 50-day moving average price is $93.78 and its 200 day moving average price is $95.95. The firm has a market cap of $57.87 billion, a P/E ratio of 17.11, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.73%. This is a boost from CRH's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 14th. CRH's dividend payout ratio (DPR) is presently 22.66%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup cut their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Loop Capital assumed coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. Finally, Royal Bank of Canada lowered their price target on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $112.36.

About CRH

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.

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