CRH plc (NYSE:CRH) is Anchor Capital Advisors LLC’s 7th Largest Position

Anchor Capital Advisors LLC grew its holdings in shares of CRH plc (NYSE:CRH) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 725,660 shares of the construction company’s stock after acquiring an additional 28,173 shares during the quarter. CRH accounts for approximately 1.9% of Anchor Capital Advisors LLC’s holdings, making the stock its 7th biggest holding. Anchor Capital Advisors LLC’s holdings in CRH were worth $67,138,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after buying an additional 114,072 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after purchasing an additional 5,889 shares during the period. Merit Financial Group LLC grew its holdings in shares of CRH by 31.8% in the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after buying an additional 12,076 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in CRH during the 4th quarter valued at $2,335,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 0.6 %

NYSE:CRH opened at $101.68 on Friday. The business’s 50-day moving average is $98.42 and its 200 day moving average is $95.12. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market capitalization of $69.06 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is a boost from CRH’s previous dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio is 21.00%.

Analysts Set New Price Targets

CRH has been the topic of several research reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley lifted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Citigroup cut their price objective 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. DA Davidson lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $107.75.

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.