Caisse Des Depots ET Consignations Invests $5.27 Million in CRH plc (NYSE:CRH)

Caisse Des Depots ET Consignations bought a new stake in shares of CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 57,001 shares of the construction company’s stock, valued at approximately $5,274,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new position in shares of CRH during the 4th quarter worth about $38,000. Deseret Mutual Benefit Administrators raised its position 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 valued at $47,000 after buying an additional 236 shares during the last quarter. Spire Wealth Management bought a new stake in shares of CRH in the fourth quarter valued at about $57,000. Finally, Versant Capital Management Inc grew its position in CRH by 111.4% during the fourth quarter. Versant Capital Management Inc now owns 668 shares of the construction company’s stock worth $62,000 after buying an additional 352 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 4.0 %

Shares of CRH stock opened at $94.63 on Thursday. The company has a market capitalization of $64.00 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a 50-day moving average price of $100.03 and a 200 day moving average price of $96.61.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued 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 1.56%. The ex-dividend date is Friday, March 14th. CRH’s payout ratio is presently 15.51%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup decreased their price target 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. dropped their price objective 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, Berenberg Bank set a $120.00 price objective on shares of CRH in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CRH has a consensus rating of “Buy” and an average price target of $109.64.

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.