3,521 Shares in CRH plc (NYSE:CRH) Bought by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH bought a new position in CRH plc (NYSE:CRH) in the 4th quarter, Holdings Channel.com reports. The firm bought 3,521 shares of the construction company’s stock, valued at approximately $326,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in CRH in the fourth quarter worth $32,000. Meeder Asset Management Inc. purchased a new stake in CRH during the third quarter valued at about $35,000. Whipplewood Advisors LLC purchased a new stake in CRH during the fourth quarter valued at about $38,000. Deseret Mutual Benefit Administrators boosted its position in 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 period. Finally, Spire Wealth Management purchased a new stake in CRH during the fourth quarter valued at about $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRH has been the subject of several analyst reports. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $109.25.

CRH Price Performance

CRH stock opened at $98.78 on Thursday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The company has a market cap of $66.86 billion, a P/E ratio of 19.76, a PEG ratio of 1.15 and a beta of 1.30. The firm has a 50-day moving average of $99.65 and a 200 day moving average of $96.26.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. CRH’s dividend payout ratio (DPR) is currently 15.51%.

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.