CRH plc (NYSE:CRH) Shares Acquired by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd raised its stake in CRH plc (NYSE:CRH) by 65.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,573 shares of the construction company’s stock after buying an additional 37,343 shares during the period. CRH accounts for 4.1% of Mirabaud Asset Management Ltd’s holdings, making the stock its 8th largest holding. Mirabaud Asset Management Ltd’s holdings in CRH were worth $8,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in shares of CRH during the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. raised its position in CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock valued at $33,000 after purchasing an additional 240 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of CRH during the fourth quarter valued at about $38,000. Deseret Mutual Benefit Administrators grew its holdings in shares of CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock worth $47,000 after purchasing an additional 236 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of CRH in the fourth quarter valued at approximately $57,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

CRH has been the topic of several recent research reports. Berenberg Bank set a $120.00 target price on shares of CRH in a research report on Friday, February 28th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Citigroup cut 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $109.64.

CRH Trading Down 6.6 %

CRH stock opened at $80.63 on Friday. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The stock has a 50-day moving average price of $98.48 and a 200-day moving average price of $96.61. The firm has a market cap of $54.53 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is presently 15.51%.

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.