Fox Run Management L.L.C. Buys Shares of 5,585 CRH plc (NYSE:CRH)

Fox Run Management L.L.C. purchased a new stake in shares of CRH plc (NYSE:CRH) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,585 shares of the construction company’s stock, valued at approximately $517,000.

Other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in CRH in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in shares of CRH in the 4th quarter valued at $38,000. Deseret Mutual Benefit Administrators boosted its holdings in CRH by 87.7% in the fourth 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. Spire Wealth Management acquired a new position in CRH during the fourth quarter worth $57,000. Finally, Versant Capital Management Inc raised its holdings in CRH by 111.4% during the fourth quarter. Versant Capital Management Inc now owns 668 shares of the construction company’s stock valued at $62,000 after buying an additional 352 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

CRH Stock Performance

Shares of CRH opened at $98.34 on Wednesday. The company has a 50-day simple moving average of $100.05 and a 200-day simple moving average of $96.62. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a market capitalization of $66.56 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.50%. CRH’s dividend payout ratio is 15.51%.

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.