Rock Creek Group LP Has $2.31 Million Stock Holdings in CRH plc (NYSE:CRH)

Rock Creek Group LP lowered its holdings in shares of CRH plc (NYSE:CRH) by 28.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,000 shares of the construction company’s stock after selling 10,000 shares during the period. CRH comprises about 0.2% of Rock Creek Group LP’s holdings, making the stock its 24th biggest position. Rock Creek Group LP’s holdings in CRH were worth $2,313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CRH. Arkadios Wealth Advisors grew its stake in shares of CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after buying an additional 109 shares during the last quarter. Parallel Advisors LLC boosted its holdings 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 acquiring an additional 129 shares in the last quarter. First Eagle Investment Management LLC grew its position in CRH by 3.2% during the 4th 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 last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after purchasing an additional 150 shares in the last quarter. Finally, Manitou Investment Management Ltd. raised its position 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 purchasing an additional 160 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of CRH opened at $88.09 on Friday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The company has a market cap of $59.57 billion, a PE ratio of 17.62, a P/E/G ratio of 1.15 and a beta of 1.30. The stock has a 50-day moving average of $99.77 and a 200-day moving average of $96.68.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is 15.51%.

Analyst Ratings Changes

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

CRH 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.