TD Asset Management Inc. Boosts Stake in CRH plc (NYSE:CRH)

TD Asset Management Inc. increased its position in shares of CRH plc (NYSE:CRH - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,654,094 shares of the construction company's stock after purchasing an additional 328,461 shares during the quarter. TD Asset Management Inc. owned approximately 0.54% of CRH worth $338,129,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CRH. Heck Capital Advisors LLC bought a new position in shares of CRH during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new position in CRH in the fourth quarter worth $38,000. Deseret Mutual Benefit Administrators grew its stake in CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after purchasing an additional 236 shares during the period. Spire Wealth Management purchased a new stake in shares of CRH during the 4th quarter valued at $57,000. Finally, Versant Capital Management Inc raised its stake in shares of CRH by 111.4% during the 4th quarter. Versant Capital Management Inc now owns 668 shares of the construction company's stock worth $62,000 after purchasing an additional 352 shares during the period. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRH shares. JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. 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. Finally, Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. One research 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 data from MarketBeat, the company has an average rating of "Buy" and an average price target of $109.64.

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CRH Stock Down 4.4 %

Shares of NYSE:CRH traded down $4.05 during midday trading on Friday, reaching $88.09. 11,039,934 shares of the company traded hands, compared to its average volume of 5,457,916. The firm's fifty day moving average price is $99.77 and its two-hundred day moving average price is $96.68. The firm has a market capitalization of $59.57 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97.

CRH Increases Dividend

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

CRH 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.