Capula Management Ltd Buys 27,338 Shares of CRH plc (NYSE:CRH)

Capula Management Ltd raised its stake in CRH plc (NYSE:CRH) by 238.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,811 shares of the construction company’s stock after acquiring an additional 27,338 shares during the period. Capula Management Ltd’s holdings in CRH were worth $3,591,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CRH. Heck Capital Advisors LLC bought a new position in shares of CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its stake 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 buying an additional 240 shares in the last quarter. Whipplewood Advisors LLC bought a new position in CRH in the fourth quarter valued at about $38,000. Deseret Mutual Benefit Administrators raised its stake in 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 acquiring an additional 236 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in CRH during the fourth quarter worth about $57,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 0.2 %

NYSE CRH opened at $81.03 on Tuesday. The company has a market capitalization of $54.80 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock has a fifty day simple moving average of $98.12 and a 200 day simple moving average of $96.62.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.83%. CRH’s dividend payout ratio is presently 22.66%.

Analyst Ratings Changes

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

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.