Prudential Financial Inc. Has $25.06 Million Stock Holdings in CRH plc (NYSE:CRH)

Prudential Financial Inc. raised its stake in CRH plc (NYSE:CRH - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,900 shares of the construction company's stock after buying an additional 30,541 shares during the period. Prudential Financial Inc.'s holdings in CRH were worth $25,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of CRH by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock valued at $3,624,719,000 after acquiring an additional 145,101 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of CRH by 8.7% during the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. State Street Corp grew its holdings in shares of CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock worth $1,218,532,000 after purchasing an additional 618,786 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CRH by 10.6% during 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. Finally, Geode Capital Management LLC raised its holdings in CRH by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company's stock valued at $738,113,000 after buying an additional 165,825 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

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CRH Trading Down 0.1 %

NYSE CRH traded down $0.10 during trading hours on Monday, hitting $88.04. 9,364,372 shares of the company's stock were exchanged, compared to its average volume of 5,473,480. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The stock has a 50-day simple moving average of $99.58 and a 200 day simple moving average of $96.77. The firm has a market cap of $59.54 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is currently 15.51%.

Analysts Set New Price Targets

A number of research firms have weighed in on CRH. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut 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. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $109.64.

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.