Lingohr Asset Management GmbH Acquires New Stake in CRH plc (NYSE:CRH)

Lingohr Asset Management GmbH acquired a new stake in CRH plc (NYSE:CRH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,521 shares of the construction company’s stock, valued at approximately $326,000.

Several other institutional investors have also bought and sold shares of CRH. Heck Capital Advisors LLC purchased a new position in CRH in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in CRH in the third quarter valued at approximately $35,000. Whipplewood Advisors LLC purchased a new position in CRH in the fourth quarter valued at approximately $38,000. Deseret Mutual Benefit Administrators lifted its stake in CRH by 87.7% in the fourth 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. Finally, Spire Wealth Management bought a new stake in CRH during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, 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. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $109.25.

CRH Stock Performance

CRH stock opened at $98.78 on Thursday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm’s fifty day moving average price is $99.65 and its 200-day moving average price is $96.26. The stock has a market cap of $66.86 billion, a P/E ratio of 19.76, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.50%. CRH’s payout ratio is 15.51%.

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.