Topsail Wealth Management LLC Buys Shares of 3,316 CRH plc (NYSE:CRH)

Topsail Wealth Management LLC acquired a new position in shares of CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,316 shares of the construction company's stock, valued at approximately $307,000.

Several other hedge funds also recently made changes to their positions in CRH. Heck Capital Advisors LLC acquired a new position in CRH during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after buying an additional 240 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of CRH in the 4th quarter worth about $38,000. Deseret Mutual Benefit Administrators lifted its position in CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after buying an additional 236 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Up 1.2 %

CRH stock traded up $1.11 during midday trading on Wednesday, hitting $94.57. The company's stock had a trading volume of 2,117,653 shares, compared to its average volume of 5,700,572. The stock's 50-day moving average price is $92.24 and its 200-day moving average price is $96.01. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market capitalization of $63.96 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.56%. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 14th. CRH's dividend payout ratio is currently 22.66%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CRH shares. Royal Bank of Canada reduced their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. Finally, 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 research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CRH presently has an average rating of "Buy" and a consensus price target 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.