Xponance Inc. Grows Position in CRH plc (NYSE:CRH)

Xponance Inc. boosted its stake in shares of CRH plc (NYSE:CRH) by 15.7% during the 4th quarter, Holdings Channel reports. The firm owned 68,529 shares of the construction company’s stock after acquiring an additional 9,314 shares during the quarter. Xponance Inc.’s holdings in CRH were worth $6,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of CRH. Heck Capital Advisors LLC purchased a new stake in CRH during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. purchased a new stake in CRH during the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new stake in CRH during the 4th quarter worth approximately $38,000. Deseret Mutual Benefit Administrators grew its position in CRH by 87.7% during 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 during the last quarter. Finally, Spire Wealth Management purchased a new stake in CRH during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

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

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date 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 1.50%. CRH’s dividend payout ratio is currently 15.51%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased 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. Citigroup decreased 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. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CRH currently has an average rating of “Buy” and an average price target of $109.25.

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.