CRH plc (NYSE:CRH) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of CRH plc (NYSE:CRH - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,660 shares of the construction company's stock after selling 3,240 shares during the period. Amalgamated Bank's holdings in CRH were worth $3,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in CRH during the 3rd quarter valued at about $7,895,000. Arkadios Wealth Advisors bought a new stake in shares of CRH during the third quarter valued at approximately $206,000. Wealth Enhancement Advisory Services LLC increased its position in shares of CRH by 8.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,081 shares of the construction company's stock valued at $842,000 after acquiring an additional 683 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in CRH by 187.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 69,839 shares of the construction company's stock worth $6,477,000 after acquiring an additional 45,516 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in CRH in the 3rd quarter valued at approximately $2,665,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley boosted their price objective on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $107.75.

CRH Stock Performance

Shares of NYSE CRH traded down $2.53 during mid-day trading on Tuesday, hitting $97.44. The stock had a trading volume of 7,280,037 shares, compared to its average volume of 4,589,586. The company has a 50 day moving average of $98.71 and a two-hundred day moving average of $95.53. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a market cap of $66.18 billion, a PE ratio of 19.48, a PEG 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. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.52%. This is a positive change from CRH's previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH's dividend payout ratio (DPR) is 20.87%.

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.