Pitcairn Co. Buys 525 Shares of CRH plc (NYSE:CRH)

Pitcairn Co. increased its stake in shares of CRH plc (NYSE:CRH) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,488 shares of the construction company’s stock after buying an additional 525 shares during the period. Pitcairn Co.’s holdings in CRH were worth $600,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after purchasing an additional 109 shares during the last quarter. Parallel Advisors LLC increased its position in CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock worth $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% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after buying an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 buying an additional 150 shares during the last quarter. Finally, Manitou Investment Management Ltd. grew its stake in shares of CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after acquiring an additional 160 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 6.6 %

Shares of NYSE CRH opened at $80.63 on Friday. The stock’s 50-day simple moving average is $98.48 and its two-hundred day simple moving average is $96.61. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a market capitalization of $54.53 billion, a P/E ratio of 16.13, 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 will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is 15.51%.

Analyst Ratings Changes

CRH has been the topic of several recent research reports. Citigroup dropped their price objective 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. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average price target 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.