TD Asset Management Inc. Raises Position in CRH plc (NYSE:CRH)

TD Asset Management Inc. grew its holdings in CRH plc (NYSE:CRH) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,654,094 shares of the construction company’s stock after acquiring an additional 328,461 shares during the period. TD Asset Management Inc. owned about 0.54% of CRH worth $338,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CRH. Vanguard Group Inc. grew its stake in CRH by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company’s stock worth $3,624,719,000 after purchasing an additional 145,101 shares in the last quarter. FMR LLC boosted its position in shares of CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after acquiring an additional 1,148,708 shares during the last quarter. State Street Corp increased its holdings in shares of CRH by 4.9% in the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock valued at $1,218,532,000 after acquiring an additional 618,786 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in CRH by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after purchasing an additional 826,758 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Up 3.5 %

CRH opened at $97.93 on Tuesday. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The business has a 50 day moving average price of $99.94 and a two-hundred day moving average price of $96.53. The company has a market cap of $66.29 billion, a PE ratio of 19.59, a P/E/G 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. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio is 15.51%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup dropped their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note 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 research note on Tuesday, March 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.