Fox Run Management L.L.C. Acquires New Holdings in CRH plc (NYSE:CRH)

Fox Run Management L.L.C. bought a new position in CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,585 shares of the construction company’s stock, valued at approximately $517,000.

Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in CRH by 40.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,508 shares of the construction company’s stock valued at $511,000 after acquiring an additional 1,577 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CRH in the third quarter worth $405,000. Landscape Capital Management L.L.C. acquired a new position in shares of CRH during the third quarter valued at $210,000. Cerity Partners LLC lifted its holdings in CRH by 206.7% in the third quarter. Cerity Partners LLC now owns 118,367 shares of the construction company’s stock worth $10,977,000 after purchasing an additional 79,773 shares during the period. Finally, Pitcairn Co. grew its position in CRH by 116.8% in the 3rd quarter. Pitcairn Co. now owns 5,963 shares of the construction company’s stock valued at $553,000 after buying an additional 3,212 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 0.2 %

Shares of NYSE CRH opened at $98.34 on Wednesday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The business has a 50-day moving average price of $100.05 and a two-hundred day moving average price of $96.62. The firm has a market capitalization of $66.56 billion, a PE ratio of 19.67, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio (DPR) is currently 15.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup dropped their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $109.64.

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.