Anchor Capital Advisors LLC Has $67.14 Million Holdings in CRH plc (NYSE:CRH)

Anchor Capital Advisors LLC increased its stake in CRH plc (NYSE:CRH) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 725,660 shares of the construction company’s stock after purchasing an additional 28,173 shares during the quarter. CRH makes up approximately 1.9% of Anchor Capital Advisors LLC’s portfolio, making the stock its 7th biggest holding. Anchor Capital Advisors LLC owned 0.11% of CRH worth $67,138,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock worth $144,605,000 after purchasing an additional 114,072 shares during the period. Park Avenue Securities LLC boosted its holdings in CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after buying an additional 5,889 shares during the period. Merit Financial Group LLC boosted its holdings in CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after buying an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in CRH by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after buying an additional 12,076 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in CRH during the 4th quarter valued at $2,335,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $101.68 on Friday. The firm has a 50 day simple moving average of $98.42 and a two-hundred day simple moving average of $95.12. The stock has a market cap of $69.06 billion, a PE ratio of 20.34, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a one year low of $71.18 and a one year high of $110.97.

CRH Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH’s previous dividend of $0.23. CRH’s payout ratio is 21.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRH. Truist Financial raised their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given 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 $107.75.

About CRH

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.