United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in CRH plc (NYSE:CRH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,000 shares of the construction company's stock, valued at approximately $833,000.

Several other hedge funds have also recently added to or reduced their stakes in CRH. Heck Capital Advisors LLC purchased a new position in shares of CRH during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new position in shares of CRH during the fourth quarter worth approximately $38,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after acquiring an additional 236 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of CRH in the 4th quarter valued at $57,000. Finally, Versant Capital Management Inc grew its holdings 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 valued at $62,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Price Performance

CRH stock traded down $4.05 during trading on Friday, reaching $88.09. The company had a trading volume of 11,039,934 shares, compared to its average volume of 5,457,916. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The business has a 50 day moving average of $99.77 and a 200 day moving average of $96.68. The company has a market cap of $59.57 billion, a P/E ratio of 17.62, a PEG ratio of 1.15 and a beta of 1.30.

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CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given 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 1.68%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is currently 15.51%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $109.64.

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.