Peak6 LLC Purchases Shares of 10,568 CRH plc (NYSE:CRH)

Peak6 LLC acquired a new position in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,568 shares of the construction company’s stock, valued at approximately $978,000.

Several other institutional investors have also added to or reduced their stakes in CRH. Sumitomo Mitsui Trust Group Inc. lifted its stake in CRH by 7.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after buying an additional 114,072 shares during the period. Park Avenue Securities LLC increased its stake in CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after purchasing an additional 5,889 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CRH by 10.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock valued at $226,732,000 after purchasing an additional 232,977 shares during the period. Merit Financial Group LLC boosted its position in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 5,610 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after acquiring an additional 12,076 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Loop Capital began coverage on CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price target for the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. Finally, Royal Bank of Canada reduced their target price on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $112.36.

CRH Trading Down 0.3 %

CRH stock opened at $84.79 on Monday. The firm has a 50 day simple moving average of $94.63 and a 200 day simple moving average of $96.07. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The firm has a market capitalization of $57.34 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were issued a dividend of $0.37 per share. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. CRH’s dividend payout ratio is 22.66%.

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.