American Century Companies Inc. reduced its position in shares of CRH plc (NYSE:CRH - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,242,189 shares of the construction company's stock after selling 268,030 shares during the period. American Century Companies Inc. owned approximately 0.48% of CRH worth $299,967,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in shares of CRH by 40.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,508 shares of the construction company's stock valued at $511,000 after buying an additional 1,577 shares during the period. Caprock Group LLC raised its position in CRH by 82.5% in the third quarter. Caprock Group LLC now owns 12,543 shares of the construction company's stock worth $1,163,000 after acquiring an additional 5,669 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CRH in the third quarter valued at $405,000. Landscape Capital Management L.L.C. purchased a new stake in shares of CRH during the 3rd quarter worth $210,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of CRH by 25.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,217,655 shares of the construction company's stock worth $205,665,000 after purchasing an additional 446,363 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Stock Down 4.0 %
Shares of CRH stock traded down $3.98 during mid-day trading on Wednesday, hitting $94.63. 6,411,430 shares of the company's stock were exchanged, compared to its average volume of 5,119,868. The stock has a 50-day simple moving average of $100.05 and a two-hundred day simple moving average of $96.62. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a market cap of $64.00 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.15 and a beta of 1.30.
CRH Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is a positive change 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 is presently 15.51%.
Analyst Ratings Changes
A number of analysts recently commented on CRH shares. Berenberg Bank set a $120.00 price objective on shares of CRH in a report on Friday, February 28th. Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CRH has an average rating of "Buy" and an average target price of $109.64.
View Our Latest Stock Analysis on CRH
About CRH
(
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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