XTX Topco Ltd Increases Stock Holdings in CRH plc (NYSE:CRH)

XTX Topco Ltd boosted its position in CRH plc (NYSE:CRH - Free Report) by 231.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,310 shares of the construction company's stock after purchasing an additional 9,300 shares during the period. XTX Topco Ltd's holdings in CRH were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock worth $144,605,000 after buying an additional 114,072 shares during the period. Park Avenue Securities LLC grew its stake in CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock valued at $3,012,000 after purchasing an additional 5,889 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CRH by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock worth $226,732,000 after purchasing an additional 232,977 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after buying an additional 5,610 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of CRH by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock valued at $6,733,000 after buying an additional 12,076 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Trading Down 0.3 %

CRH traded down $0.23 during trading on Friday, hitting $84.79. The company's stock had a trading volume of 5,452,284 shares, compared to its average volume of 5,646,412. The firm has a market capitalization of $57.34 billion, a price-to-earnings ratio of 16.96, a P/E/G 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. The business's fifty day simple moving average is $94.63 and its 200 day simple moving average is $95.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is 22.66%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CRH shares. Royal Bank of Canada cut their price target 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 issued a "buy" rating and a $114.00 price target for the company. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered 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. Finally, Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $112.36.

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.