Steward Partners Investment Advisory LLC Has $788,000 Position in CRH plc (NYSE:CRH)

Steward Partners Investment Advisory LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 15.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,520 shares of the construction company’s stock after acquiring an additional 1,129 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in CRH were worth $788,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRH. FMR LLC increased its holdings in shares of CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CRH by 515.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after purchasing an additional 4,274,336 shares during the period. Franklin Resources Inc. boosted its stake in CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares during the period. Bank of New York Mellon Corp boosted its stake in CRH by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock valued at $796,546,000 after purchasing an additional 826,758 shares during the period. Finally, Nordea Investment Management AB boosted its stake in CRH by 48.2% in the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Down 3.9 %

Shares of CRH stock 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 company has a market cap of $63.65 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.15 and a beta of 1.30. The business has a fifty day simple moving average of $99.09 and a 200 day simple moving average of $95.94.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio is currently 20.87%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.