Picton Mahoney Asset Management Has $213,000 Stock Position in CRH plc (NYSE:CRH)

Picton Mahoney Asset Management lessened its holdings in CRH plc (NYSE:CRH) by 75.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,300 shares of the construction company’s stock after selling 6,900 shares during the period. Picton Mahoney Asset Management’s holdings in CRH were worth $213,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in shares of CRH in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the third quarter valued at approximately $35,000. Whipplewood Advisors LLC bought a new stake in CRH during the fourth quarter worth $38,000. Deseret Mutual Benefit Administrators raised its position in CRH by 87.7% in the 4th 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 during the last quarter. Finally, Spire Wealth Management bought a new position in CRH during the 4th quarter valued at $57,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $97.08 on Monday. The stock has a fifty day moving average of $99.37 and a 200-day moving average of $96.15. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company has a market capitalization of $65.71 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on CRH shares. JPMorgan Chase & Co. lowered their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Citigroup decreased their price objective 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. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $109.25.

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.