Lbp Am Sa Invests $1.72 Million in CRH plc (NYSE:CRH)

Lbp Am Sa purchased a new position in shares of CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,635 shares of the construction company’s stock, valued at approximately $1,724,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in CRH during the 4th quarter worth about $32,000. Meeder Asset Management Inc. purchased a new stake in CRH during the 3rd quarter worth about $35,000. Whipplewood Advisors LLC purchased a new stake in CRH during the 4th quarter worth about $38,000. Deseret Mutual Benefit Administrators increased its position in CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock worth $47,000 after purchasing an additional 236 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in CRH during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. One investment 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 data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $109.25.

CRH Stock Performance

CRH stock opened at $97.08 on Friday. The stock’s 50 day moving average price is $99.37 and its 200 day moving average price is $96.09. The firm has a market capitalization of $65.71 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. 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 declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors 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 1.52%. CRH’s payout ratio is 20.87%.

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.