William Blair Investment Management LLC Has $37.29 Million Position in CRH plc (NYSE:CRH)

William Blair Investment Management LLC increased its stake in shares of CRH plc (NYSE:CRH - Free Report) by 903.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,052 shares of the construction company's stock after buying an additional 362,899 shares during the quarter. William Blair Investment Management LLC owned 0.06% of CRH worth $37,290,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CRH. Heck Capital Advisors LLC bought a new position in shares of CRH during the fourth quarter valued at $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH during the 3rd quarter worth about $35,000. Whipplewood Advisors LLC bought a new position in CRH during the 4th quarter valued at about $38,000. Deseret Mutual Benefit Administrators boosted its position in CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after buying an additional 236 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in CRH during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Down 2.9 %

NYSE CRH traded down $2.80 during trading hours on Friday, hitting $94.79. The company's stock had a trading volume of 37,706,518 shares, compared to its average volume of 5,002,722. The stock has a fifty day moving average of $99.75 and a 200 day moving average of $96.27. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a market capitalization of $64.16 billion, a P/E ratio of 18.96, a PEG ratio of 1.15 and a beta of 1.30.

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CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This is a boost from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. CRH's payout ratio is 15.51%.

Wall Street Analyst Weigh In

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

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.