CRH plc (NYSE:CRH) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CRH plc (NYSE:CRH) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 479,438 shares of the construction company’s stock after acquiring an additional 33,577 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of CRH worth $44,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its position in CRH by 33.4% during 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 during the last quarter. Franklin Resources Inc. raised its position in CRH by 8.7% during 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 during the last quarter. State Street Corp grew its holdings in shares of CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after buying an additional 618,786 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $796,546,000 after buying an additional 826,758 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CRH by 2.1% during the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock worth $738,113,000 after buying an additional 165,825 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 3.9 %

Shares of CRH stock opened at $93.71 on Tuesday. The stock has a market cap of $63.65 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm’s 50 day moving average price is $99.09 and its two-hundred day moving average price is $95.94.

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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s payout ratio is 20.87%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus target price of $109.42.

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.