CRH plc (NYSE:CRH) Holdings Lowered by Burney Co.

Burney Co. decreased its position in CRH plc (NYSE:CRH - Free Report) by 64.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,775 shares of the construction company's stock after selling 5,130 shares during the quarter. Burney Co.'s holdings in CRH were worth $257,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cox Capital Mgt LLC increased its position in shares of CRH by 3.1% during the fourth quarter. Cox Capital Mgt LLC now owns 17,892 shares of the construction company's stock worth $1,655,000 after acquiring an additional 538 shares during the last quarter. Park Avenue Securities LLC increased its holdings in CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after purchasing an additional 5,889 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of CRH by 6.0% in the 4th quarter. Kathmere Capital Management LLC now owns 13,543 shares of the construction company's stock valued at $1,253,000 after purchasing an additional 763 shares in the last quarter. Rockland Trust Co. purchased a new position in shares of CRH during the 4th quarter valued at approximately $230,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of CRH during the fourth quarter worth approximately $246,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Up 2.2 %

NYSE CRH traded up $2.10 on Friday, hitting $97.69. The stock had a trading volume of 3,858,317 shares, compared to its average volume of 2,316,136. The company's 50-day moving average is $97.37 and its two-hundred day moving average is $90.65. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.00 and a beta of 1.31. CRH plc has a one year low of $68.15 and a one year high of $104.23.

CRH Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were given a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH's dividend payout ratio is currently 21.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target for the company. Morgan Stanley upped their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. DA Davidson boosted their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Truist Financial raised their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CRH has an average rating of "Buy" and an average price target of $107.75.

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.