CRH plc (NYSE:CRH) is Voss Capital LP's 2nd Largest Position

Voss Capital LP reduced its holdings in CRH plc (NYSE:CRH - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,020,000 shares of the construction company's stock after selling 85,000 shares during the period. CRH makes up 7.0% of Voss Capital LP's holdings, making the stock its 2nd biggest position. Voss Capital LP owned 0.15% of CRH worth $94,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRH. 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 position in CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after buying an additional 240 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in CRH during the fourth quarter worth approximately $38,000. Deseret Mutual Benefit Administrators boosted its stake in CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after buying an additional 236 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of CRH by 46.3% in the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock worth $52,000 after acquiring an additional 177 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Citigroup decreased their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Berenberg Bank set a $120.00 price target on shares of CRH in a report on Friday, February 28th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada reduced their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Eleven equities research 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 a consensus rating of "Buy" and an average target price of $112.36.

CRH Price Performance

Shares of NYSE CRH traded up $1.27 during midday trading 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. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The business's fifty day simple moving average is $92.68 and its two-hundred day simple moving average is $95.94. The firm has a market capitalization of $62.64 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were paid a $0.37 dividend. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. CRH's payout ratio is 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.