Sequoia Financial Advisors LLC Has $911,000 Stock Position in CRH plc (NYSE:CRH)

Sequoia Financial Advisors LLC lifted its position in shares of CRH plc (NYSE:CRH) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,846 shares of the construction company’s stock after buying an additional 201 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CRH were worth $911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of CRH by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 188,060 shares of the construction company’s stock worth $17,399,000 after purchasing an additional 1,373 shares during the period. AGF Management Ltd. grew its holdings in shares of CRH by 4,264.7% during the fourth quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company’s stock worth $95,714,000 after purchasing an additional 1,010,825 shares during the last quarter. Riverbend Wealth Management LLC bought a new stake in shares of CRH during the fourth quarter worth about $605,000. Daiwa Securities Group Inc. grew its holdings in shares of CRH by 5.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 76,911 shares of the construction company’s stock worth $7,116,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new position in shares of CRH in the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 2.6 %

Shares of NYSE:CRH opened at $97.08 on Monday. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock’s 50 day moving average is $99.37 and its 200-day moving average is $96.15. The firm has a market capitalization of $65.71 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.52%. 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. CRH’s dividend payout ratio is presently 15.51%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRH shares. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target 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 research 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, CRH currently has an average rating of “Buy” and an average target price of $109.25.

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.