MV Capital Management Inc. Boosts Position in CRH plc (NYSE:CRH)

MV Capital Management Inc. increased its holdings in CRH plc (NYSE:CRH) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 742 shares of the construction company’s stock after acquiring an additional 185 shares during the period. MV Capital Management Inc.’s holdings in CRH were worth $69,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of CRH in the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. lifted its holdings in CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after buying an additional 240 shares during the period. Whipplewood Advisors LLC bought a new stake in CRH during the 4th quarter valued at approximately $38,000. Deseret Mutual Benefit Administrators boosted its position in shares of 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 purchasing an additional 236 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of CRH in the 4th quarter worth about $57,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE:CRH opened at $88.09 on Friday. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.15 and a beta of 1.30. The stock’s 50-day simple moving average is $99.77 and its two-hundred day simple moving average is $96.60.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.68%. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s payout ratio is 15.51%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRH shares. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note 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, JPMorgan Chase & Co. lowered their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus target price of $109.64.

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.