TrueMark Investments LLC Buys 3,275 Shares of CRH plc (NYSE:CRH)

TrueMark Investments LLC grew its position in CRH plc (NYSE:CRH) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,912 shares of the construction company’s stock after purchasing an additional 3,275 shares during the quarter. TrueMark Investments LLC’s holdings in CRH were worth $3,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CRH. Arkadios Wealth Advisors grew its stake in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the last quarter. Parallel Advisors LLC grew its position in shares of CRH by 1.9% in the fourth 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 during the last quarter. First Eagle Investment Management LLC lifted its position in shares of 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. MassMutual Private Wealth & Trust FSB boosted 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 valued at $90,000 after purchasing an additional 150 shares during the period. Finally, Manitou Investment Management Ltd. grew its holdings in CRH by 1.4% in the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after buying an additional 160 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CRH shares. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. dropped their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $109.64.

CRH Price Performance

Shares of CRH stock opened at $98.34 on Wednesday. The stock’s fifty day simple moving average is $100.05 and its 200 day simple moving average is $96.62. CRH plc has a one year low of $71.18 and a one year high of $110.97. The firm has a market cap of $66.56 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio (DPR) is currently 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.