2,567 Shares in CRH plc (NYSE:CRH) Bought by SVB Wealth LLC

SVB Wealth LLC bought a new position in CRH plc (NYSE:CRH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,567 shares of the construction company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its position in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. grew its position in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after acquiring an additional 1,148,708 shares in the last quarter. State Street Corp grew its position in CRH by 4.9% in the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after acquiring an additional 618,786 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CRH by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock valued at $796,546,000 after buying an additional 826,758 shares during the period. Finally, Geode Capital Management LLC boosted its position in CRH by 2.1% during the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after buying an additional 165,825 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 6.8 %

CRH stock opened at $102.81 on Thursday. The firm has a 50-day moving average of $98.91 and a 200-day moving average of $95.66. The firm has a market cap of $69.83 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.44%. CRH’s dividend payout ratio (DPR) is 20.87%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup cut their price target 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. Truist Financial upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $108.45.

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.