Thoroughbred Financial Services LLC Invests $917,000 in CRH plc (NYSE:CRH)

Thoroughbred Financial Services LLC acquired a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,921 shares of the construction company's stock, valued at approximately $917,000.

Several other institutional investors have also modified their holdings of CRH. Arkadios Wealth Advisors raised its stake in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after purchasing an additional 109 shares during the last quarter. Parallel Advisors LLC raised its position in shares of CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in CRH by 18.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after acquiring an additional 150 shares during the last quarter. Finally, Manitou Investment Management Ltd. boosted its holdings in shares of CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock worth $1,037,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

CRH has been the topic of several recent research reports. Loop Capital started coverage on shares of CRH in a research report on Wednesday. They set a "buy" rating and a $114.00 price target on the stock. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Citigroup reduced their target price 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 research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $110.00.

CRH Trading Up 1.8 %

Shares of CRH traded up $1.49 during mid-day trading on Friday, hitting $84.75. 5,355,852 shares of the company's stock were exchanged, compared to its average volume of 5,628,707. The firm has a market capitalization of $57.31 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The business's 50 day moving average is $96.40 and its two-hundred day moving average is $96.24.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is presently 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.