Susquehanna Fundamental Investments LLC Makes New Investment in CRH plc (NYSE:CRH)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 374,787 shares of the construction company's stock, valued at approximately $34,675,000. CRH makes up 0.5% of Susquehanna Fundamental Investments LLC's holdings, making the stock its 25th biggest holding. Susquehanna Fundamental Investments LLC owned about 0.06% of CRH as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of CRH by 13.0% in the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CRH by 0.4% in 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 purchasing an additional 145,101 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of CRH by 17.0% in the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the last quarter. Norges Bank bought a new stake in shares of CRH in the 4th quarter valued at approximately $1,391,245,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of CRH by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock valued at $796,546,000 after purchasing an additional 826,758 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH stock traded up $0.40 during midday trading on Tuesday, hitting $93.44. 4,159,532 shares of the company's stock were exchanged, compared to its average volume of 5,714,193. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The firm has a 50-day moving average of $92.42 and a two-hundred day moving average of $96.03. The company has a market cap of $63.19 billion, a PE ratio of 18.69, a P/E/G 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.58%. This is a boost from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 14th. CRH's dividend payout ratio is presently 22.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CRH shares. Royal Bank of Canada lowered their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Loop Capital began coverage on CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target for the company. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Eleven 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 stock presently has an average 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.