RFG Bristol Wealth Advisors LLC Invests $986,000 in CRH plc (NYSE:CRH)

RFG Bristol Wealth Advisors LLC purchased a new stake in CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,659 shares of the construction company's stock, valued at approximately $986,000.

A number of other hedge funds have also modified their holdings of CRH. Heck Capital Advisors LLC acquired a new position in CRH in the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. grew its position in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after purchasing an additional 240 shares during the period. Whipplewood Advisors LLC bought a new stake in CRH during the 4th quarter worth approximately $38,000. Deseret Mutual Benefit Administrators lifted its stake in CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after buying an additional 236 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of CRH in the fourth quarter valued at approximately $57,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRH shares. Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. 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 research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $109.64.

CRH Trading Down 6.6 %

Shares of CRH stock traded down $5.73 on Friday, reaching $80.63. 8,909,533 shares of the company were exchanged, compared to its average volume of 5,550,208. The company has a market capitalization of $54.53 billion, a price-to-earnings ratio of 16.13, a PEG 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 company has a 50-day moving average of $98.48 and a 200 day moving average of $96.66.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, March 14th. CRH's dividend payout ratio is 22.66%.

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.