Jupiter Asset Management Ltd. Has $42.11 Million Position in CRH plc (NYSE:CRH)

Jupiter Asset Management Ltd. reduced its stake in shares of CRH plc (NYSE:CRH) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 453,482 shares of the construction company’s stock after selling 948,853 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.07% of CRH worth $42,107,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CRH. CWA Asset Management Group LLC acquired a new stake in shares of CRH during the third quarter worth approximately $498,000. Assetmark Inc. raised its position in CRH by 29.2% during the third quarter. Assetmark Inc. now owns 1,598 shares of the construction company’s stock valued at $148,000 after acquiring an additional 361 shares in the last quarter. Atria Investments Inc raised its position in CRH by 11.9% during the third quarter. Atria Investments Inc now owns 66,782 shares of the construction company’s stock valued at $6,193,000 after acquiring an additional 7,084 shares in the last quarter. Covestor Ltd bought a new position in CRH during the third quarter valued at approximately $58,000. Finally, Sigma Planning Corp raised its position in CRH by 5.5% during the third quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock valued at $402,000 after acquiring an additional 227 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 1.1 %

Shares of CRH stock opened at $94.83 on Wednesday. The company’s fifty day simple moving average is $99.13 and its 200-day simple moving average is $95.97. The company has a market cap of $64.19 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

CRH Increases Dividend

The firm also recently declared 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s payout ratio is currently 20.87%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRH shares. JPMorgan Chase & Co. cut their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday. 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. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $109.25.

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.