Bank of Montreal Can Sells 43,225 Shares of CRH plc (NYSE:CRH)

Bank of Montreal Can decreased its stake in CRH plc (NYSE:CRH - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 354,168 shares of the construction company's stock after selling 43,225 shares during the quarter. Bank of Montreal Can owned approximately 0.05% of CRH worth $32,768,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Polymer Capital Management US LLC bought a new position in CRH in the 4th quarter worth approximately $4,885,000. Cerity Partners LLC boosted its stake in shares of CRH by 43.0% during the 4th quarter. Cerity Partners LLC now owns 169,248 shares of the construction company's stock worth $15,667,000 after buying an additional 50,881 shares during the last quarter. FMR LLC grew its stake in shares of CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after buying an additional 4,687,345 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in shares of CRH by 569.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,162 shares of the construction company's stock worth $293,000 after acquiring an additional 2,690 shares during the last quarter. Finally, Mirabaud Asset Management Ltd raised its position in shares of CRH by 65.3% in the fourth quarter. Mirabaud Asset Management Ltd now owns 94,573 shares of the construction company's stock valued at $8,744,000 after purchasing an additional 37,343 shares during the period. Institutional investors own 62.50% of the company's stock.

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CRH Stock Up 0.7 %

Shares of NYSE CRH traded up $0.58 on Wednesday, reaching $86.53. 870,409 shares of the company's stock traded hands, compared to its average volume of 6,849,648. The business's 50 day simple moving average is $95.71 and its two-hundred day simple moving average is $96.14. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

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 dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.71%. CRH's payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRH. Loop Capital assumed coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Citigroup dropped their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. Royal Bank of Canada decreased their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. cut their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CRH has a consensus rating of "Buy" and an average target price of $112.36.

CRH Profile

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.