CRH plc (NYSE:CRH) Stock Position Raised by TrueMark Investments LLC

TrueMark Investments LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,912 shares of the construction company’s stock after purchasing an additional 3,275 shares during the period. TrueMark Investments LLC’s holdings in CRH were worth $3,600,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its holdings in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after buying an additional 9,055,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of CRH by 8.7% during the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after acquiring an additional 1,148,708 shares during the period. AGF Management Ltd. lifted its position in shares of CRH by 4,264.7% in the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company’s stock valued at $95,714,000 after acquiring an additional 1,010,825 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in CRH by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after purchasing an additional 826,758 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH opened at $98.34 on Wednesday. The firm has a market cap of $66.56 billion, a PE ratio of 19.67, a PEG ratio of 1.15 and a beta of 1.30. The firm’s 50 day moving average price is $100.05 and its 200 day moving average price is $96.62. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. 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%. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is currently 15.51%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRH shares. JPMorgan Chase & Co. cut their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Berenberg Bank set a $120.00 target price on CRH in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CRH currently has a consensus rating of “Buy” and an average price target of $109.64.

CRH Company 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.