Capital Wealth Planning LLC Has $3.40 Million Holdings in CRH plc (NYSE:CRH)

Capital Wealth Planning LLC grew its stake in CRH plc (NYSE:CRH) by 21.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,715 shares of the construction company’s stock after buying an additional 6,400 shares during the quarter. Capital Wealth Planning LLC’s holdings in CRH were worth $3,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CRH. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the third quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in CRH during the fourth quarter worth $32,000. Meeder Asset Management Inc. acquired a new position in CRH during the third quarter worth $35,000. Baillie Gifford & Co. boosted its holdings in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in CRH during the fourth quarter worth $38,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. 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. HSBC initiated 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. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $107.75.

CRH Price Performance

Shares of CRH opened at $102.46 on Friday. The firm has a market capitalization of $69.59 billion, a PE ratio of 20.49, a PEG ratio of 1.15 and a beta of 1.30. The company’s 50-day moving average is $98.60 and its 200-day moving average is $95.34. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. CRH’s dividend payout ratio is presently 21.00%.

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.