Tredje AP fonden Acquires 45,558 Shares of CRH plc (NYSE:CRH)

Tredje AP fonden boosted its position in CRH plc (NYSE:CRH - Free Report) by 50.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,558 shares of the construction company's stock after purchasing an additional 45,558 shares during the quarter. Tredje AP fonden's holdings in CRH were worth $12,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of CRH by 12.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,916 shares of the construction company's stock worth $455,000 after purchasing an additional 551 shares in the last quarter. Avantax Advisory Services Inc. grew its position in CRH by 1.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 48,345 shares of the construction company's stock worth $4,473,000 after buying an additional 520 shares in the last quarter. Essential Planning LLC. bought a new position in CRH during the 4th quarter worth $2,171,000. Great Lakes Advisors LLC bought a new position in CRH during the 4th quarter worth $214,000. Finally, EverSource Wealth Advisors LLC raised its holdings in CRH by 0.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114,950 shares of the construction company's stock valued at $10,635,000 after acquiring an additional 293 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock traded down $1.34 during midday trading on Tuesday, reaching $95.99. 6,615,217 shares of the stock were exchanged, compared to its average volume of 4,760,133. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The company has a fifty day moving average price of $99.45 and a 200 day moving average price of $96.21. The stock has a market capitalization of $64.98 billion, a PE ratio of 19.20, a P/E/G ratio of 1.15 and a beta of 1.30.

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CRH Increases Dividend

The company 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 of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. This is an increase from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is currently 15.51%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CRH presently has a consensus rating of "Buy" and an average target price of $109.25.

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.