CRH plc (NYSE:CRH) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lifted its stake in shares of CRH plc (NYSE:CRH) by 49.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,560 shares of the construction company’s stock after purchasing an additional 1,501 shares during the period. Congress Wealth Management LLC DE’s holdings in CRH were worth $422,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cannon Global Investment Management LLC raised its holdings in CRH by 115.9% during the 4th quarter. Cannon Global Investment Management LLC now owns 9,500 shares of the construction company’s stock worth $879,000 after buying an additional 5,100 shares during the period. Vanguard Group Inc. increased its position in shares of CRH by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company’s stock worth $3,624,719,000 after acquiring an additional 145,101 shares in the last quarter. LPL Financial LLC raised its holdings in shares of CRH by 63.5% during the fourth quarter. LPL Financial LLC now owns 167,075 shares of the construction company’s stock valued at $15,458,000 after acquiring an additional 64,873 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of CRH in the 4th quarter valued at approximately $517,000. Finally, KLP Kapitalforvaltning AS acquired a new position in CRH in the 4th quarter worth approximately $15,090,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Down 4.4 %

CRH stock opened at $88.09 on Friday. The firm has a 50 day moving average of $99.77 and a two-hundred day moving average of $96.60. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend 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 yield of 1.68%. CRH’s dividend payout ratio is currently 15.51%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. Citigroup reduced their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. One investment 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $109.64.

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.