Peak6 LLC Acquires Shares of 10,568 CRH plc (NYSE:CRH)

PEAK6 LLC bought a new position in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,568 shares of the construction company's stock, valued at approximately $978,000.

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

CRH Stock Performance

Shares of CRH stock traded up $1.27 during trading on Friday, hitting $92.62. The company had a trading volume of 5,629,780 shares, compared to its average volume of 5,691,822. The firm has a market capitalization of $62.64 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a one year low of $71.18 and a one year high of $110.97. The stock's 50-day moving average price is $92.68 and its 200 day moving average price is $95.94.

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 $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 report on Tuesday, March 11th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Loop Capital began coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Royal Bank of Canada decreased their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup lowered their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock 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 a consensus rating of "Buy" and an average target price of $112.36.

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.