Parallax Volatility Advisers L.P. Purchases New Position in CRH plc (NYSE:CRH)

Parallax Volatility Advisers L.P. bought a new position in CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 43,480 shares of the construction company’s stock, valued at approximately $4,023,000.

A number of other large investors also recently modified their holdings of the company. Arkadios Wealth Advisors grew its position in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after buying an additional 109 shares in the last quarter. Covestor Ltd increased its stake in CRH by 20.4% in the 4th quarter. Covestor Ltd now owns 755 shares of the construction company’s stock worth $70,000 after purchasing an additional 128 shares during the period. Parallel Advisors LLC raised its holdings in CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after acquiring an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after purchasing an additional 150 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 1.4 %

CRH opened at $92.62 on Friday. The firm’s 50 day simple moving average is $92.68 and its two-hundred day simple moving average is $95.94. The company has a market capitalization of $62.64 billion, a PE ratio of 18.52, a PEG 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 announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were issued a $0.37 dividend. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, March 14th. CRH’s dividend payout ratio (DPR) is currently 22.66%.

Analysts Set New Price Targets

CRH has been the subject of several research analyst reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada dropped their target price on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price target on the stock. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Finally, Citigroup decreased their price objective 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. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average price target of $112.36.

CRH 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.