Banco BTG Pactual S.A. Grows Holdings in CRH plc (NYSE:CRH)

Banco BTG Pactual S.A. lifted its stake in shares of CRH plc (NYSE:CRH) by 86.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,627 shares of the construction company’s stock after buying an additional 3,547 shares during the quarter. Banco BTG Pactual S.A.’s holdings in CRH were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CRH. TrueMark Investments LLC increased its position in shares of CRH by 9.2% in the 4th quarter. TrueMark Investments LLC now owns 38,912 shares of the construction company’s stock worth $3,600,000 after purchasing an additional 3,275 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in CRH by 5.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 11,018 shares of the construction company’s stock valued at $1,019,000 after buying an additional 557 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in CRH by 2.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,790 shares of the construction company’s stock valued at $906,000 after buying an additional 230 shares in the last quarter. Cruiser Capital Advisors LLC lifted its holdings in CRH by 9.2% during the 4th quarter. Cruiser Capital Advisors LLC now owns 83,191 shares of the construction company’s stock worth $7,697,000 after buying an additional 7,000 shares during the last quarter. Finally, TD Asset Management Inc. grew its position in shares of CRH by 9.9% in the 4th quarter. TD Asset Management Inc. now owns 3,654,094 shares of the construction company’s stock worth $338,129,000 after acquiring an additional 328,461 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE:CRH opened at $98.34 on Wednesday. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The stock has a 50-day simple moving average of $100.05 and a 200 day simple moving average of $96.62. The company has a market cap of $66.56 billion, a PE ratio of 19.67, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio is currently 15.51%.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. Berenberg Bank set a $120.00 price objective on CRH in a research note on Friday, February 28th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $109.64.

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.