3Chopt Investment Partners LLC cut its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,155 shares of the construction company's stock after selling 3,572 shares during the period. 3Chopt Investment Partners LLC's holdings in CRH were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new position in shares of CRH during the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. lifted its position in shares of CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after buying an additional 240 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of CRH during the 4th quarter worth approximately $38,000. Deseret Mutual Benefit Administrators lifted its holdings in CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after purchasing an additional 236 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of CRH in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Stock Down 0.3 %
NYSE:CRH traded down $0.23 during trading hours on Friday, hitting $84.79. 5,452,284 shares of the company traded hands, compared to its average volume of 5,640,318. The firm's 50-day simple moving average is $95.00 and its 200-day simple moving average is $96.01. CRH plc has a one year low of $71.18 and a one year high of $110.97. The company has a market cap of $57.34 billion, a PE ratio of 16.96, a PEG ratio of 1.15 and a beta of 1.30.
CRH Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio is 22.66%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on CRH shares. JPMorgan Chase & Co. cut their price objective on shares of 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 shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Royal Bank of Canada lowered their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday. Citigroup reduced their price objective on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH has an average rating of "Buy" and a consensus price target of $112.36.
Check Out Our Latest Analysis on CRH
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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