Congress Wealth Management LLC DE Has $422,000 Position in CRH plc (NYSE:CRH)

Congress Wealth Management LLC DE boosted its stake in shares of CRH plc (NYSE:CRH) by 49.1% in the fourth quarter, Holdings Channel reports. The firm owned 4,560 shares of the construction company’s stock after acquiring an additional 1,501 shares during the period. Congress Wealth Management LLC DE’s holdings in CRH were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its holdings in shares of CRH by 4.9% during the 4th 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 period. Parallel Advisors LLC boosted its holdings in CRH by 1.9% during the fourth 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 during the period. First Eagle Investment Management LLC grew its position in shares of CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after purchasing an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 purchasing an additional 150 shares during the period. Finally, Manitou Investment Management Ltd. lifted its position in shares of CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 4.4 %

Shares of CRH opened at $88.09 on Friday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a market cap of $59.57 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.15 and a beta of 1.30. The company has a 50-day moving average price of $99.77 and a two-hundred day moving average price of $96.60.

CRH Increases Dividend

The business 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 dividend of $0.37 per share. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio is currently 15.51%.

Analyst Upgrades and Downgrades

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