Modern Wealth Management LLC Has $422,000 Stock Holdings in CRH plc (NYSE:CRH)

Modern Wealth Management LLC grew its holdings in shares of CRH plc (NYSE:CRH) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,132 shares of the construction company’s stock after buying an additional 286 shares during the quarter. Modern Wealth Management LLC’s holdings in CRH were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its position 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 purchasing an additional 114,072 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after buying an additional 5,889 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after buying an additional 232,977 shares during the last quarter. 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 valued at $2,151,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of CRH by 19.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after acquiring an additional 12,076 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $92.10 on Friday. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The business’s fifty day moving average is $99.96 and its 200 day moving average is $96.58. The company has a market capitalization of $62.28 billion, a PE ratio of 18.42, a price-to-earnings-growth 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. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date 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 1.61%. CRH’s payout ratio is presently 15.51%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of research analyst reports. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup decreased their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, 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, March 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average price target of $109.64.

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.