Gallacher Capital Management LLC Has $678,000 Holdings in CRH plc (NYSE:CRH)

Gallacher Capital Management LLC raised its position in CRH plc (NYSE:CRH) by 23.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,325 shares of the construction company’s stock after acquiring an additional 1,395 shares during the period. Gallacher Capital Management LLC’s holdings in CRH were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. boosted its stake in CRH by 29.2% during the 3rd quarter. Assetmark Inc. now owns 1,598 shares of the construction company’s stock valued at $148,000 after purchasing an additional 361 shares during the last quarter. Sigma Planning Corp boosted its position in shares of CRH by 5.5% during the third quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock valued at $402,000 after buying an additional 227 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of CRH during the third quarter valued at approximately $483,000. Victory Capital Management Inc. boosted its position in shares of CRH by 6,859.4% during the third quarter. Victory Capital Management Inc. now owns 191,105 shares of the construction company’s stock valued at $17,723,000 after buying an additional 188,359 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its position in shares of CRH by 14.3% during the third quarter. Zions Bancorporation N.A. now owns 6,809 shares of the construction company’s stock valued at $631,000 after buying an additional 852 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. 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. JPMorgan Chase & Co. cut their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Berenberg Bank set a $120.00 price target on shares of CRH in a report on Friday, February 28th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $109.25.

CRH Stock Up 2.6 %

CRH stock opened at $97.08 on Friday. The firm has a 50 day moving average price of $99.37 and a 200-day moving average price of $96.09. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a market capitalization of $65.71 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.52%. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is 20.87%.

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.