Sei Investments Co. Boosts Stock Position in CRH plc (NYSE:CRH)

Sei Investments Co. boosted its position in CRH plc (NYSE:CRH) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,578 shares of the construction company’s stock after purchasing an additional 18,071 shares during the quarter. Sei Investments Co.’s holdings in CRH were worth $18,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its position in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the last quarter. Parallel Advisors LLC raised its holdings in CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after acquiring an additional 129 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of CRH by 3.2% during the 4th 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 boosted its holdings in shares of CRH by 18.3% during the fourth 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. grew its position in shares of CRH by 1.4% in the fourth 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. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the topic of several recent analyst reports. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. 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 price target on shares of CRH in a report on Friday, February 28th. 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $109.64.

CRH Price Performance

NYSE:CRH opened at $92.10 on Friday. The business’s 50-day moving average is $99.96 and its two-hundred day moving average is $96.58. The firm has a market capitalization of $62.28 billion, a PE ratio of 18.42, a price-to-earnings-growth 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.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors 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. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio (DPR) is presently 15.51%.

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.