CRH plc (NYSE:CRH) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in CRH plc (NYSE:CRH) by 22.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 69,408 shares of the construction company’s stock after purchasing an additional 12,921 shares during the period. NEOS Investment Management LLC’s holdings in CRH were worth $6,422,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CRH. Arkadios Wealth Advisors increased its stake in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after purchasing an additional 109 shares during the last quarter. Parallel Advisors LLC grew its position in shares of CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC raised its stake in CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock worth $405,000 after acquiring an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after acquiring an additional 150 shares during the last quarter. Finally, Manitou Investment Management Ltd. boosted its stake in CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after acquiring an additional 160 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CRH shares. Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. cut 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. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus target price of $109.64.

CRH Price Performance

Shares of NYSE:CRH opened at $92.10 on Friday. The stock’s 50 day moving average price is $99.96 and its 200 day moving average price is $96.58. The stock has a market cap of $62.28 billion, a price-to-earnings ratio of 18.42, a PEG 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.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given 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 annualized dividend and a yield of 1.61%. CRH’s payout ratio is 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.