MGO One Seven LLC Raises Holdings in CRH plc (NYSE:CRH)

MGO One Seven LLC lifted its stake in shares of CRH plc (NYSE:CRH - Free Report) by 113.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,105 shares of the construction company's stock after purchasing an additional 4,304 shares during the quarter. MGO One Seven LLC's holdings in CRH were worth $750,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CRH. Norges Bank bought a new position in CRH in the 4th quarter worth about $1,391,245,000. FMR LLC increased its holdings in shares of CRH by 13.0% in the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after buying an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after acquiring an additional 2,437,868 shares during the last quarter. AGF Management Ltd. lifted its stake in CRH by 4,264.7% during the fourth quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock worth $95,714,000 after purchasing an additional 1,010,825 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of CRH by 32,560.1% during the 4th quarter. National Bank of Canada FI now owns 951,714 shares of the construction company's stock valued at $88,053,000 after purchasing an additional 948,800 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Up 2.1 %

CRH stock traded up $1.95 during trading on Wednesday, reaching $95.41. The company's stock had a trading volume of 5,809,743 shares, compared to its average volume of 5,714,573. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The company's fifty day moving average is $92.24 and its 200-day moving average is $96.01. The company has a market capitalization of $64.53 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is presently 22.66%.

Analyst Ratings Changes

A number of brokerages have issued reports on CRH. Royal Bank of Canada cut their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered 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, March 11th. Citigroup reduced their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH has an average rating of "Buy" and an average target price of $112.36.

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.