EverSource Wealth Advisors LLC Grows Stake in CRH plc (NYSE:CRH)

EverSource Wealth Advisors LLC lifted its position in CRH plc (NYSE:CRH) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 114,950 shares of the construction company’s stock after purchasing an additional 293 shares during the period. EverSource Wealth Advisors LLC’s holdings in CRH were worth $10,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of CRH in the 4th quarter worth $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH in the 3rd quarter worth $35,000. Baillie Gifford & Co. boosted its stake in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of CRH in the 4th quarter worth $38,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock worth $47,000 after buying an additional 236 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $94.83 on Wednesday. The firm’s fifty day moving average is $99.13 and its two-hundred day moving average is $95.97. CRH plc has a one year low of $71.18 and a one year high of $110.97. The firm has a market cap of $64.19 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.15 and a beta of 1.30.

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. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio is 20.87%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRH. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. Finally, Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $109.25.

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.