Callan Family Office LLC Buys New Shares in CRH plc (NYSE:CRH)

Callan Family Office LLC bought a new stake in CRH plc (NYSE:CRH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,945 shares of the construction company’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CRH. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter valued at $32,000. Meeder Asset Management Inc. acquired a new stake in CRH during the 3rd quarter valued at $35,000. Baillie Gifford & Co. lifted its holdings in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in CRH during the 4th quarter valued at $38,000. Finally, Deseret Mutual Benefit Administrators lifted its holdings in CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock valued at $47,000 after purchasing an additional 236 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CRH. Morgan Stanley raised their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Citigroup dropped their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CRH currently has an average rating of “Buy” and a consensus price target of $109.42.

CRH Stock Down 3.9 %

CRH stock opened at $93.71 on Tuesday. The company has a market cap of $63.65 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The business has a 50-day simple moving average of $99.09 and a 200 day simple moving average of $95.94. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is 20.87%.

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.