CRH plc (NYSE:CRH) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its holdings in shares of CRH plc (NYSE:CRH) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,345 shares of the construction company’s stock after acquiring an additional 520 shares during the period. Avantax Advisory Services Inc.’s holdings in CRH were worth $4,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Arkadios Wealth Advisors raised its position 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 acquiring an additional 109 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after buying an additional 150 shares during the last quarter. Manitou Investment Management Ltd. grew its stake in 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 buying an additional 160 shares during the last quarter. Graypoint LLC grew its stake in CRH by 5.4% during the 4th quarter. Graypoint LLC now owns 3,315 shares of the construction company’s stock worth $307,000 after buying an additional 170 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in CRH by 0.9% during the 4th quarter. Ballentine Partners LLC now owns 18,124 shares of the construction company’s stock worth $1,677,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $97.08 on Friday. The business has a 50 day simple moving average of $99.37 and a 200-day simple moving average of $96.03. The stock has a market capitalization of $65.71 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a $0.37 dividend. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio (DPR) is currently 20.87%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of research reports. Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $109.25.

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.