RFG Bristol Wealth Advisors LLC Takes $986,000 Position in CRH plc (NYSE:CRH)

RFG Bristol Wealth Advisors LLC bought a new position in CRH plc (NYSE:CRH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,659 shares of the construction company’s stock, valued at approximately $986,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CRH in the fourth quarter worth about $1,391,245,000. Franklin Resources Inc. grew its position in shares of CRH by 17.0% in the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after buying an additional 2,437,868 shares during the last quarter. AGF Management Ltd. increased its stake in shares of CRH by 4,264.7% during the fourth quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company’s stock valued at $95,714,000 after buying an additional 1,010,825 shares during the period. National Bank of Canada FI increased its position in CRH by 32,560.1% during the 4th quarter. National Bank of Canada FI now owns 951,714 shares of the construction company’s stock valued at $88,053,000 after purchasing an additional 948,800 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in CRH by 10.6% in 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 buying an additional 826,758 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup cut their price objective 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. reduced their price target on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised 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 shares of CRH in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $109.64.

CRH Price Performance

Shares of CRH stock opened at $88.88 on Wednesday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm’s 50-day moving average is $99.37 and its 200 day moving average is $96.78. The stock has a market cap of $60.11 billion, a price-to-earnings ratio of 17.78, a PEG 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. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio 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.