CRH plc (NYSE:CRH) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in CRH plc (NYSE:CRH - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,839 shares of the construction company's stock after selling 9,347 shares during the quarter. Advisors Asset Management Inc.'s holdings in CRH were worth $8,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in CRH during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new position in shares of CRH in the third quarter worth $35,000. Whipplewood Advisors LLC purchased a new stake in shares of CRH during the fourth quarter worth $38,000. Deseret Mutual Benefit Administrators raised its stake in shares of CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after acquiring an additional 236 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in CRH in the fourth quarter valued at $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 2.9 %

Shares of CRH traded down $2.80 during mid-day trading on Friday, hitting $94.79. 37,706,618 shares of the company's stock were exchanged, compared to its average volume of 5,006,019. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The business's 50 day moving average is $99.81 and its two-hundred day moving average is $96.36. The firm has a market capitalization of $64.16 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.15 and a beta of 1.30.

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CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. 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 1.56%. The ex-dividend date is Friday, March 14th. CRH's dividend payout ratio (DPR) is 15.51%.

Wall Street Analyst Weigh In

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

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.