Cibc World Markets Corp trimmed its stake in shares of CRH plc (NYSE:CRH - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,898 shares of the construction company's stock after selling 9,140 shares during the period. Cibc World Markets Corp's holdings in CRH were worth $2,859,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock worth $473,270,000 after buying an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock worth $1,329,796,000 after buying an additional 1,148,708 shares in the last quarter. AGF Management Ltd. grew its stake in CRH by 4,264.7% in the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock valued at $95,714,000 after acquiring an additional 1,010,825 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in CRH by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock valued at $796,546,000 after acquiring an additional 826,758 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
CRH Price Performance
NYSE CRH traded up $0.21 on Tuesday, reaching $98.34. The company had a trading volume of 15,663,345 shares, compared to its average volume of 5,058,262. The firm has a market capitalization of $66.56 billion, a PE ratio of 19.67, a P/E/G ratio of 1.15 and a beta of 1.30. The firm has a 50-day moving average of $99.94 and a 200-day moving average of $96.53. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.
CRH Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a $0.37 dividend. This is a boost from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, March 14th. CRH's dividend payout ratio is presently 15.51%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CRH has a consensus rating of "Buy" and a consensus price target of $109.64.
Check Out Our Latest Report on CRH
CRH Profile
(
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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