15,371 Shares in CRH plc (NYSE:CRH) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,371 shares of the construction company's stock, valued at approximately $1,422,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. FMR LLC boosted 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 acquiring an additional 4,687,345 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of CRH by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock worth $3,624,719,000 after acquiring an additional 145,101 shares during the last quarter. Franklin Resources Inc. raised its position in shares of CRH by 17.0% during the fourth 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. Norges Bank acquired a new position in CRH in the fourth quarter valued at approximately $1,391,245,000. Finally, Bank of New York Mellon Corp boosted its holdings 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 buying an additional 826,758 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CRH shares. Loop Capital started coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price for the company. JPMorgan Chase & Co. dropped their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Citigroup cut their price target 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. Royal Bank of Canada decreased their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $112.36.

CRH Price Performance

NYSE:CRH traded up $1.27 during trading hours on Friday, hitting $92.62. The company's stock had a trading volume of 5,629,780 shares, compared to its average volume of 5,691,822. The company has a market capitalization of $62.64 billion, a P/E ratio of 18.52, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock has a fifty day simple moving average of $92.68 and a 200-day simple moving average of $95.94.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is currently 22.66%.

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.