CRH plc (NYSE:CRH) is Voss Capital LP's 2nd Largest Position

Voss Capital LP decreased its holdings in CRH plc (NYSE:CRH - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,020,000 shares of the construction company's stock after selling 85,000 shares during the period. CRH accounts for about 7.0% of Voss Capital LP's portfolio, making the stock its 2nd biggest holding. Voss Capital LP owned approximately 0.15% of CRH worth $94,370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in CRH during the fourth quarter worth approximately $1,391,245,000. FMR LLC lifted its holdings in shares of CRH by 13.0% in the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after acquiring an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. grew its holdings in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the last quarter. AGF Management Ltd. raised its position in CRH by 4,264.7% in the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock worth $95,714,000 after purchasing an additional 1,010,825 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of CRH by 32,560.1% during the fourth quarter. National Bank of Canada FI now owns 951,714 shares of the construction company's stock valued at $88,053,000 after buying an additional 948,800 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH stock traded up $1.27 during midday trading on Friday, reaching $92.62. The company's stock had a trading volume of 5,629,780 shares, compared to its average volume of 6,768,159. The stock's 50 day simple moving average is $93.04 and its 200 day simple moving average is $95.91. The firm has a market capitalization of $62.64 billion, a PE ratio of 18.52, 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.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.60%. CRH's dividend payout ratio (DPR) is presently 22.66%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CRH shares. Berenberg Bank set a $120.00 price objective on CRH in a research note on Friday, February 28th. Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. Royal Bank of Canada cut their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CRH has an average rating of "Buy" and an average target price of $112.36.

CRH Company 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.