CRH plc (NYSE:CRH) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its position in CRH plc (NYSE:CRH) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,578 shares of the construction company’s stock after buying an additional 18,071 shares during the quarter. Sei Investments Co.’s holdings in CRH were worth $18,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares in the last quarter. Parallel Advisors LLC increased its holdings in CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock worth $630,000 after purchasing an additional 129 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after purchasing an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after buying an additional 150 shares during the last quarter. Finally, Manitou Investment Management Ltd. grew its position in shares of CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after buying an additional 160 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Berenberg Bank set a $120.00 price target on shares of CRH in a report on Friday, February 28th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Citigroup decreased their price target on 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. cut 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 equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $109.64.

CRH Trading Down 2.6 %

Shares of NYSE CRH opened at $92.10 on Friday. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The company has a market cap of $62.28 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock’s 50 day simple moving average is $99.96 and its 200 day simple moving average is $96.58.

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 1.61%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio (DPR) is presently 15.51%.

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.