SageView Advisory Group LLC Takes $213,000 Position in CRH plc (NYSE:CRH)

SageView Advisory Group LLC purchased a new position in CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,306 shares of the construction company’s stock, valued at approximately $213,000.

A number of other hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors increased its stake in 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. Covestor Ltd lifted its stake in shares of CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company’s stock worth $70,000 after acquiring an additional 128 shares in the last quarter. Parallel Advisors LLC grew its stake in 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 purchasing an additional 129 shares in the last quarter. First Eagle Investment Management LLC increased its holdings 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 purchasing an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada lowered their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a report on Monday. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Loop Capital initiated coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $112.36.

CRH Trading Down 0.9 %

Shares of NYSE:CRH opened at $85.15 on Thursday. The firm’s 50 day moving average is $95.34 and its two-hundred day moving average is $96.07. The firm has a market capitalization of $57.59 billion, a P/E ratio of 17.03, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is 22.66%.

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.