Illinois Municipal Retirement Fund Acquires Shares of 7,381 CRH plc (NYSE:CRH)

Illinois Municipal Retirement Fund bought a new position in shares of CRH plc (NYSE:CRH) in the 4th quarter, HoldingsChannel reports. The fund bought 7,381 shares of the construction company’s stock, valued at approximately $683,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators bought a new stake in CRH during the third quarter worth $25,000. Heck Capital Advisors LLC bought a new position in shares of CRH during the fourth quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in CRH during the third quarter worth about $35,000. Baillie Gifford & Co. grew its position in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in CRH in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $100.00 on Tuesday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a market cap of $67.92 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock has a fifty day moving average of $98.71 and a 200-day moving average of $95.53.

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. This represents a $1.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is presently 20.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Truist Financial raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $107.75.

About CRH

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.