Aviva PLC Has $331.78 Million Position in CRH plc (NYSE:CRH)

Aviva PLC cut its holdings in shares of CRH plc (NYSE:CRH – Free Report) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,580,028 shares of the construction company’s stock after selling 1,185 shares during the period. CRH comprises approximately 0.9% of Aviva PLC’s portfolio, making the stock its 16th largest position. Aviva PLC’s holdings in CRH were worth $331,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. Solstein Capital LLC bought a new stake in shares of CRH in the fourth quarter worth $102,000. Prudential PLC raised its position in shares of CRH by 9.8% during the fourth quarter. Prudential PLC now owns 17,009 shares of the construction company’s stock worth $1,574,000 after acquiring an additional 1,525 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of CRH in the fourth quarter worth approximately $917,000. Bornite Capital Management LP bought a new stake in CRH in the fourth quarter valued at approximately $13,878,000. Finally, Pitcairn Co. raised its holdings in CRH by 8.8% during the 4th quarter. Pitcairn Co. now owns 6,488 shares of the construction company’s stock worth $600,000 after purchasing an additional 525 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on CRH

CRH Stock Down 6.6 %

Shares of NYSE:CRH opened at $80.63 on Friday. The stock’s 50 day moving average is $98.48 and its 200-day moving average is $96.61. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a market capitalization of $54.53 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.84%. CRH’s dividend payout ratio is presently 15.51%.

CRH Profile

(Free Report)

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.

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