Net Worth Advisory Group Has $463,000 Stock Position in CRH plc (NYSE:CRH)

Net Worth Advisory Group lessened its stake in shares of CRH plc (NYSE:CRH) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,007 shares of the construction company’s stock after selling 140 shares during the quarter. Net Worth Advisory Group’s holdings in CRH were worth $463,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in CRH during the 4th quarter valued at $32,000. Meeder Asset Management Inc. acquired a new position in shares of CRH during the third quarter valued at about $35,000. Baillie Gifford & Co. increased its position in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of CRH in the 4th quarter worth about $38,000. Finally, Deseret Mutual Benefit Administrators raised its holdings 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 during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

NYSE CRH opened at $94.83 on Wednesday. The stock has a market capitalization of $64.19 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.15 and a beta of 1.30. The business’s fifty day moving average is $99.13 and its 200-day moving average is $95.97. CRH plc has a one year low of $71.18 and a one year high of $110.97.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s payout ratio is presently 20.87%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, 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 report on Monday, January 6th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $109.25.

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.