Xponance Inc. Boosts Stock Position in CRH plc (NYSE:CRH)

Xponance Inc. increased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,529 shares of the construction company's stock after purchasing an additional 9,314 shares during the period. Xponance Inc.'s holdings in CRH were worth $6,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of CRH during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. acquired a new position in CRH in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC acquired a new position in CRH in the fourth quarter valued at approximately $38,000. Deseret Mutual Benefit Administrators boosted its position in 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 purchasing an additional 236 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in shares of CRH during the 4th quarter valued at approximately $57,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRH. Citigroup lowered their price target 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. Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. 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. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $109.64.

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CRH Price Performance

NYSE CRH traded up $3.28 during mid-day trading on Monday, hitting $97.93. The stock had a trading volume of 18,722,760 shares, compared to its average volume of 5,060,884. The firm's 50 day moving average is $99.81 and its 200 day moving average is $96.44. The stock has a market capitalization of $66.29 billion, a price-to-earnings ratio of 19.59, a PEG 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 firm also recently declared 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. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, March 14th. CRH's dividend payout ratio (DPR) is currently 15.51%.

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.