Quantbot Technologies LP Acquires 30,624 Shares of CRH plc (NYSE:CRH)

Quantbot Technologies LP raised its position in CRH plc (NYSE:CRH) by 107.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,086 shares of the construction company’s stock after purchasing an additional 30,624 shares during the quarter. Quantbot Technologies LP’s holdings in CRH were worth $5,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CRH. Heck Capital Advisors LLC bought a new stake in shares of CRH in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new position in shares of CRH during the third quarter worth $35,000. Whipplewood Advisors LLC acquired a new position in CRH during the 4th quarter worth about $38,000. 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 worth $47,000 after buying an additional 236 shares during the period. Finally, Spire Wealth Management bought a new position in shares of CRH in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. Citigroup cut their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $109.25.

CRH Stock Performance

Shares of CRH opened at $97.08 on Friday. The stock has a market capitalization of $65.71 billion, a PE ratio of 19.42, a PEG ratio of 1.15 and a beta of 1.30. The company has a 50 day moving average price of $99.37 and a 200-day moving average price of $96.03. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.52%. CRH’s dividend payout ratio is presently 20.87%.

CRH Company 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.