Callan Family Office LLC Buys Shares of 2,945 CRH plc (NYSE:CRH)

Callan Family Office LLC bought a new stake in CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,945 shares of the construction company’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its position in CRH by 7.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after acquiring an additional 114,072 shares during the last quarter. Park Avenue Securities LLC grew its position in CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after acquiring an additional 5,889 shares during the last quarter. Merit Financial Group LLC grew its position in CRH by 31.8% in the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after acquiring an additional 5,610 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CRH by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock valued at $226,732,000 after acquiring an additional 232,977 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after acquiring an additional 12,076 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 3.9 %

Shares of NYSE:CRH opened at $93.71 on Tuesday. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock’s 50 day moving average is $99.09 and its 200-day moving average is $95.94. The firm has a market capitalization of $63.65 billion, a price-to-earnings ratio of 18.74, 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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is presently 20.87%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRH. DA Davidson boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. HSBC began coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CRH presently has a consensus rating of “Buy” and a consensus target price of $109.42.

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.