United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $833,000 Investment in CRH plc (NYSE:CRH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,000 shares of the construction company’s stock, valued at approximately $833,000.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in CRH by 33.4% during the third 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after buying an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. boosted its stake in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after buying an additional 1,148,708 shares in the last quarter. AGF Management Ltd. grew its position in CRH by 4,264.7% in the fourth quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company’s stock valued at $95,714,000 after acquiring an additional 1,010,825 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in CRH by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after acquiring an additional 826,758 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRH. JPMorgan Chase & Co. lowered their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Citigroup cut their price objective on 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 target price on CRH in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CRH has an average rating of “Buy” and an average target price of $109.64.

CRH Trading Up 0.2 %

CRH opened at $98.34 on Wednesday. The company has a fifty day moving average price of $100.05 and a two-hundred day moving average price of $96.62. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The company has a market cap of $66.56 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s payout ratio is presently 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.