Larson Financial Group LLC Buys 350 Shares of CRH plc (NYSE:CRH)

Larson Financial Group LLC increased its stake in shares of CRH plc (NYSE:CRH) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,016 shares of the construction company’s stock after purchasing an additional 350 shares during the quarter. Larson Financial Group LLC’s holdings in CRH were worth $187,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CRH. CWA Asset Management Group LLC bought a new stake in shares of CRH during the third quarter valued at approximately $498,000. Assetmark Inc. grew its stake in shares of CRH by 29.2% during the third quarter. Assetmark Inc. now owns 1,598 shares of the construction company’s stock valued at $148,000 after purchasing an additional 361 shares during the last quarter. Atria Investments Inc grew its stake in shares of CRH by 11.9% during the third quarter. Atria Investments Inc now owns 66,782 shares of the construction company’s stock valued at $6,193,000 after purchasing an additional 7,084 shares during the last quarter. Covestor Ltd bought a new position in CRH in the third quarter valued at approximately $58,000. Finally, Sigma Planning Corp boosted its stake in CRH by 5.5% in the third quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock valued at $402,000 after acquiring an additional 227 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 1.1 %

Shares of NYSE:CRH opened at $94.83 on Wednesday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company’s fifty day simple moving average is $99.13 and its 200 day simple moving average is $95.97. The firm has a market cap of $64.19 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s payout ratio is presently 20.87%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRH. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of 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 objective on shares of CRH in a research note on Friday, February 28th. Finally, Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $109.25.

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.