Capula Management Ltd Has $3.59 Million Stake in CRH plc (NYSE:CRH)

Capula Management Ltd raised its position in shares of CRH plc (NYSE:CRH) by 238.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 38,811 shares of the construction company’s stock after buying an additional 27,338 shares during the quarter. Capula Management Ltd’s holdings in CRH were worth $3,591,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Captrust Financial Advisors increased its stake in shares of CRH by 15.9% in the 3rd quarter. Captrust Financial Advisors now owns 7,958 shares of the construction company’s stock valued at $738,000 after acquiring an additional 1,091 shares in the last quarter. Centiva Capital LP acquired a new stake in CRH in the third quarter worth $230,000. IHT Wealth Management LLC bought a new stake in CRH in the third quarter valued at $240,000. Quantinno Capital Management LP raised its holdings in shares of CRH by 23.9% during the third quarter. Quantinno Capital Management LP now owns 41,805 shares of the construction company’s stock valued at $3,875,000 after purchasing an additional 8,071 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of CRH by 10.7% during the 3rd quarter. Stifel Financial Corp now owns 104,969 shares of the construction company’s stock worth $9,735,000 after purchasing an additional 10,136 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRH shares. JPMorgan Chase & Co. dropped 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, March 11th. Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. Finally, StockNews.com upgraded shares of 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, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average price target of $109.64.

CRH Price Performance

NYSE CRH opened at $81.03 on Tuesday. The company has a fifty day moving average price of $98.12 and a 200-day moving average price of $96.62. The firm has a market cap of $54.80 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.83%. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is currently 22.66%.

About CRH

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.