Sequoia Financial Advisors LLC Has $911,000 Stock Holdings in CRH plc (NYSE:CRH)

Sequoia Financial Advisors LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,846 shares of the construction company’s stock after purchasing an additional 201 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CRH were worth $911,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. FMR LLC increased its stake in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. increased its stake in CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. State Street Corp increased its stake in CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after purchasing an additional 618,786 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CRH by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after purchasing an additional 826,758 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in CRH by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock worth $738,113,000 after purchasing an additional 165,825 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRH. Berenberg Bank set a $120.00 price target on shares of CRH in a research note on Friday, February 28th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Citigroup decreased 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. Finally, JPMorgan Chase & Co. decreased their price target 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. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $109.25.

CRH Trading Up 2.6 %

NYSE:CRH opened at $97.08 on Monday. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The firm has a fifty day simple moving average of $99.37 and a 200 day simple moving average of $96.15. The stock has a market capitalization of $65.71 billion, a PE ratio of 19.42, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.52%. CRH’s dividend payout ratio (DPR) is currently 15.51%.

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.