Atria Investments Inc Has $6.28 Million Position in CRH plc (NYSE:CRH)

Atria Investments Inc lifted its position in shares of CRH plc (NYSE:CRH) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 67,882 shares of the construction company’s stock after purchasing an additional 1,100 shares during the quarter. Atria Investments Inc’s holdings in CRH were worth $6,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of CRH by 32.8% during the 4th quarter. Assetmark Inc. now owns 2,122 shares of the construction company’s stock worth $196,000 after purchasing an additional 524 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CRH by 10.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after purchasing an additional 232,977 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of CRH by 15.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,520 shares of the construction company’s stock worth $788,000 after purchasing an additional 1,129 shares during the last quarter. LGT Group Foundation increased its stake in shares of CRH by 2.3% during the 4th quarter. LGT Group Foundation now owns 795,108 shares of the construction company’s stock worth $73,563,000 after purchasing an additional 17,755 shares during the last quarter. Finally, DJE Kapital AG acquired a new position in shares of CRH during the 4th quarter worth about $4,576,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DA Davidson lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Morgan Stanley lifted their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $108.45.

CRH Stock Down 4.0 %

NYSE CRH opened at $98.67 on Friday. The company has a market capitalization of $67.02 billion, a P/E ratio of 19.73, a P/E/G 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 has a 50-day moving average price of $98.99 and a two-hundred day moving average price of $95.68.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is currently 20.87%.

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.