Larson Financial Group LLC Has $187,000 Position in CRH plc (NYSE:CRH)

Larson Financial Group LLC raised its holdings in CRH plc (NYSE:CRH) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,016 shares of the construction company’s stock after buying an additional 350 shares during the period. Larson Financial Group LLC’s holdings in CRH were worth $187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of CRH by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,002 shares of the construction company’s stock valued at $1,018,000 after acquiring an additional 700 shares during the period. Banco Santander S.A. bought a new position in shares of CRH in the 4th quarter valued at about $984,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of CRH by 563.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 441,904 shares of the construction company’s stock valued at $43,892,000 after acquiring an additional 375,327 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of CRH by 9.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 36,944 shares of the construction company’s stock valued at $3,418,000 after acquiring an additional 3,157 shares during the period. Finally, Callan Family Office LLC bought a new position in shares of CRH in the 4th quarter valued at about $272,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 1.1 %

NYSE CRH opened at $94.83 on Wednesday. The company has a market capitalization of $64.19 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a 50-day moving average price of $99.13 and a two-hundred day moving average price of $95.97.

CRH Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CRH shares. 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 research report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. One 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. Based on data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus price target of $109.25.

About CRH

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.