Sowell Financial Services LLC Purchases New Shares in CRH plc (NYSE:CRH)

Sowell Financial Services LLC acquired a new position in shares of CRH plc (NYSE:CRH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,047 shares of the construction company’s stock, valued at approximately $930,000.

Several other large investors have also made changes to their positions in CRH. QRG Capital Management Inc. boosted its position in shares of CRH by 9.9% in the 3rd quarter. QRG Capital Management Inc. now owns 5,850 shares of the construction company’s stock worth $543,000 after purchasing an additional 525 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in CRH during the 3rd quarter worth approximately $498,000. Verdence Capital Advisors LLC boosted its holdings in CRH by 12.6% during the third quarter. Verdence Capital Advisors LLC now owns 10,457 shares of the construction company’s stock worth $970,000 after purchasing an additional 1,172 shares during the last quarter. Assetmark Inc. boosted its stake in shares of CRH by 29.2% during the 3rd quarter. Assetmark Inc. now owns 1,598 shares of the construction company’s stock worth $148,000 after buying an additional 361 shares during the last quarter. Finally, Atria Investments Inc boosted 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 purchasing an additional 7,084 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup decreased their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $109.42.

CRH Stock Performance

CRH stock opened at $93.71 on Tuesday. The company has a market capitalization of $63.65 billion, a P/E ratio of 18.74, a PEG ratio of 1.15 and a beta of 1.30. The company has a fifty day moving average price of $99.09 and a 200-day moving average price of $95.94. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.58%. CRH’s payout ratio is presently 20.87%.

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.