CRH plc (NYSE:CRH) Stake Boosted by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its holdings in CRH plc (NYSE:CRH - Free Report) by 197.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,929 shares of the construction company's stock after buying an additional 8,588 shares during the period. Vinva Investment Management Ltd's holdings in CRH were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Heck Capital Advisors LLC acquired a new position in shares of CRH during the 4th quarter valued at $32,000. Meeder Asset Management Inc. purchased a new position in CRH in the third quarter valued at about $35,000. Whipplewood Advisors LLC purchased a new position in CRH in the fourth quarter valued at about $38,000. Deseret Mutual Benefit Administrators lifted its stake in shares of CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after purchasing an additional 236 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of CRH in the fourth quarter worth about $57,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRH shares. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Citigroup dropped their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price target on shares of CRH in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, CRH has an average rating of "Buy" and an average price target of $109.64.

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CRH Trading Up 0.2 %

CRH stock traded up $0.21 during mid-day trading on Tuesday, hitting $98.34. 15,666,179 shares of the company were exchanged, compared to its average volume of 5,058,262. The firm has a fifty day simple moving average of $99.94 and a 200 day simple moving average of $96.53. The company has a market capitalization of $66.56 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH's dividend payout ratio (DPR) is 15.51%.

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.