EverSource Wealth Advisors LLC Acquires 293 Shares of CRH plc (NYSE:CRH)

EverSource Wealth Advisors LLC lifted its position in CRH plc (NYSE:CRH) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,950 shares of the construction company’s stock after acquiring an additional 293 shares during the period. EverSource Wealth Advisors LLC’s holdings in CRH were worth $10,635,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CRH by 7.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock worth $144,605,000 after acquiring an additional 114,072 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after acquiring an additional 5,889 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CRH by 10.5% in 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 acquiring an additional 232,977 shares in the last quarter. Merit Financial Group LLC raised its position in shares of CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of CRH by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after acquiring an additional 12,076 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 1.1 %

Shares of CRH opened at $94.83 on Wednesday. The business’s fifty day simple moving average is $99.13 and its two-hundred day simple moving average is $95.97. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market cap of $64.19 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.56%. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio (DPR) is currently 20.87%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. cut 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. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CRH has a consensus rating of “Buy” and an average price target of $109.25.

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.