Cannell & Spears LLC Has $79.01 Million Stock Holdings in CRH plc (NYSE:CRH)

Cannell & Spears LLC increased its stake in CRH plc (NYSE:CRH) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 853,966 shares of the construction company’s stock after acquiring an additional 5,603 shares during the quarter. CRH comprises 1.6% of Cannell & Spears LLC’s holdings, making the stock its 11th largest holding. Cannell & Spears LLC owned about 0.13% of CRH worth $79,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Heck Capital Advisors LLC bought a new stake in shares of CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its position in CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock valued at $33,000 after acquiring an additional 240 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in CRH during the 4th quarter worth about $38,000. Deseret Mutual Benefit Administrators raised its position in shares of CRH by 87.7% in the 4th 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 shares of CRH in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $88.09 on Monday. The company has a market capitalization of $59.57 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The business has a 50-day simple moving average of $99.77 and a two-hundred day simple moving average of $96.76.

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 given a $0.37 dividend. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is presently 15.51%.

Analysts Set New Price Targets

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