Modern Wealth Management LLC Buys 286 Shares of CRH plc (NYSE:CRH)

Modern Wealth Management LLC grew its stake in CRH plc (NYSE:CRH) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,132 shares of the construction company’s stock after purchasing an additional 286 shares during the quarter. Modern Wealth Management LLC’s holdings in CRH were worth $422,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arkadios Wealth Advisors raised its holdings in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares during the period. Parallel Advisors LLC grew its position in shares of CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after purchasing an additional 129 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock worth $405,000 after purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after purchasing an additional 150 shares during the last quarter. Finally, Manitou Investment Management Ltd. boosted its stake in CRH by 1.4% in the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 2.6 %

CRH stock opened at $92.10 on Friday. The company has a market capitalization of $62.28 billion, a PE ratio of 18.42, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm’s fifty day moving average is $99.96 and its 200 day moving average is $96.58.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. CRH’s dividend payout ratio (DPR) is currently 15.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRH shares. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Citigroup lowered their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $109.64.

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.