Mitsubishi UFJ Asset Management Co. Ltd. Has $45.67 Million Stock Holdings in CRH plc (NYSE:CRH)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in CRH plc (NYSE:CRH) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,789 shares of the construction company’s stock after purchasing an additional 25,128 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of CRH worth $45,668,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CRH. Heck Capital Advisors LLC bought a new stake in shares of CRH in the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in CRH in the fourth quarter valued at approximately $38,000. Deseret Mutual Benefit Administrators grew its position 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 acquiring an additional 236 shares in the last quarter. Spire Wealth Management acquired a new position in shares of CRH during the 4th quarter worth $57,000. Finally, Versant Capital Management Inc raised its holdings in shares of CRH by 111.4% during the 4th quarter. Versant Capital Management Inc now owns 668 shares of the construction company’s stock valued at $62,000 after purchasing an additional 352 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $88.09 on Friday. The company has a market cap of $59.57 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm has a fifty day moving average price of $99.77 and a two-hundred day moving average price of $96.68. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. CRH’s dividend payout ratio (DPR) is 15.51%.

Wall Street Analysts Forecast Growth

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

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.