Utah Retirement Systems Grows Stock Position in CRH plc (NYSE:CRH)

Utah Retirement Systems boosted its position in shares of CRH plc (NYSE:CRH) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,000 shares of the construction company’s stock after buying an additional 200 shares during the quarter. Utah Retirement Systems’ holdings in CRH were worth $3,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. World Investment Advisors LLC purchased a new position in shares of CRH during the 3rd quarter worth about $209,000. Wilmington Savings Fund Society FSB purchased a new position in shares of CRH during the third quarter valued at approximately $440,000. Tidal Investments LLC boosted its position in shares of CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after buying an additional 13,868 shares during the period. Peapack Gladstone Financial Corp bought a new position in shares of CRH during the third quarter valued at approximately $229,000. Finally, Franklin Resources Inc. raised its holdings in shares of CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the topic of several research analyst reports. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research 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. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price objective for the company. Royal Bank of Canada dropped their target price on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Berenberg Bank set a $120.00 price target on shares of CRH in a research note on Friday, February 28th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $112.36.

CRH Stock Up 1.0 %

Shares of NYSE:CRH opened at $96.38 on Friday. The firm has a 50 day moving average of $92.06 and a 200 day moving average of $96.03. The company has a market capitalization of $65.18 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 14th. CRH’s payout ratio is presently 22.66%.

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.