M&T Bank Corp cut its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,771 shares of the construction company's stock after selling 3,054 shares during the period. M&T Bank Corp's holdings in CRH were worth $4,328,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in CRH. Atria Investments Inc boosted its stake in shares of CRH by 1.6% during the 4th quarter. Atria Investments Inc now owns 67,882 shares of the construction company's stock worth $6,280,000 after acquiring an additional 1,100 shares in the last quarter. Assetmark Inc. boosted its position in CRH by 32.8% in the 4th quarter. Assetmark Inc. now owns 2,122 shares of the construction company's stock valued at $196,000 after buying an additional 524 shares during the period. Charles Schwab Investment Management Inc. boosted its position in CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock valued at $226,732,000 after buying an additional 232,977 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of CRH by 15.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,520 shares of the construction company's stock worth $788,000 after purchasing an additional 1,129 shares during the last quarter. Finally, LGT Group Foundation raised its stake in CRH by 2.3% during the 4th quarter. LGT Group Foundation now owns 795,108 shares of the construction company's stock worth $73,563,000 after acquiring an additional 17,755 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.
CRH Price Performance
CRH stock traded down $1.45 during mid-day trading on Friday, reaching $97.34. 10,134,933 shares of the stock traded hands, compared to its average volume of 4,642,917. The business's 50-day moving average is $99.06 and its 200-day moving average is $95.84. The stock has a market capitalization of $66.11 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97.
CRH Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.52%. CRH's dividend payout ratio (DPR) is currently 20.87%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CRH shares. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Morgan Stanley raised their target price on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $108.45.
Read Our Latest Stock Analysis 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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