United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in CRH plc (NYSE:CRH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in CRH plc (NYSE:CRH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,000 shares of the construction company’s stock, valued at approximately $833,000.

A number of other hedge funds have also modified their holdings of the company. Blue Grotto Capital LLC increased its position in shares of CRH by 42.8% in the 4th quarter. Blue Grotto Capital LLC now owns 300,000 shares of the construction company’s stock valued at $27,756,000 after buying an additional 89,957 shares in the last quarter. Banco BTG Pactual S.A. lifted its stake in CRH by 86.9% in the 4th quarter. Banco BTG Pactual S.A. now owns 7,627 shares of the construction company’s stock valued at $707,000 after acquiring an additional 3,547 shares in the last quarter. TrueMark Investments LLC lifted its position in shares of CRH by 9.2% in the fourth quarter. TrueMark Investments LLC now owns 38,912 shares of the construction company’s stock worth $3,600,000 after purchasing an additional 3,275 shares in the last quarter. UNIVEST FINANCIAL Corp lifted its position in shares of CRH by 5.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 11,018 shares of the construction company’s stock worth $1,019,000 after purchasing an additional 557 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in CRH by 2.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,790 shares of the construction company’s stock valued at $906,000 after purchasing an additional 230 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.2 %

Shares of NYSE CRH opened at $98.34 on Wednesday. The business’s 50 day moving average is $100.05 and its 200-day moving average is $96.62. The firm has a market cap of $66.56 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is presently 15.51%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CRH shares. JPMorgan Chase & Co. cut their price target 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 upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. Finally, Citigroup dropped 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. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $109.64.

About CRH

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.