374,787 Shares in CRH plc (NYSE:CRH) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 374,787 shares of the construction company's stock, valued at approximately $34,675,000. CRH makes up approximately 0.5% of Susquehanna Fundamental Investments LLC's portfolio, making the stock its 25th biggest holding. Susquehanna Fundamental Investments LLC owned about 0.06% of CRH as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in CRH in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. lifted its holdings in CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after buying an additional 240 shares during the period. Whipplewood Advisors LLC bought a new position in CRH in the fourth quarter valued at approximately $38,000. Deseret Mutual Benefit Administrators grew its holdings in CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after acquiring an additional 236 shares during the period. Finally, GeoWealth Management LLC raised its position in shares of CRH by 46.3% during the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock valued at $52,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

CRH has been the subject of several recent research reports. Citigroup dropped their target price 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. Loop Capital assumed coverage on shares of CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada dropped their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CRH currently has an average rating of "Buy" and an average price target of $112.36.

CRH Trading Up 1.5 %

Shares of NYSE:CRH traded up $1.47 during trading on Thursday, reaching $96.89. 2,627,718 shares of the stock were exchanged, compared to its average volume of 6,666,088. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The firm has a market cap of $65.52 billion, a PE ratio of 19.38, a PEG ratio of 1.15 and a beta of 1.30. The stock has a 50-day moving average price of $92.14 and a 200-day moving average price of $96.00.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, March 14th. This is a boost from CRH's previous quarterly dividend of $0.23. CRH's payout ratio is currently 22.66%.

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.