Distillate Capital Partners LLC Sells 10,111 Shares of CRH plc (NYSE:CRH)

Distillate Capital Partners LLC cut its holdings in CRH plc (NYSE:CRH - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,177 shares of the construction company's stock after selling 10,111 shares during the period. Distillate Capital Partners LLC's holdings in CRH were worth $18,983,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in shares of CRH during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. grew its stake in CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after acquiring an additional 240 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in CRH in the 4th quarter valued at $38,000. Deseret Mutual Benefit Administrators lifted its stake in CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after purchasing an additional 236 shares in the last quarter. Finally, Spire Wealth Management bought a new position in shares of CRH during the 4th quarter valued at about $57,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Up 0.3 %

Shares of CRH stock traded up $0.22 during trading hours on Tuesday, reaching $86.00. 3,067,840 shares of the stock were exchanged, compared to its average volume of 5,631,575. The firm has a market capitalization of $58.16 billion, a price-to-earnings ratio of 17.20, 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. The company's 50-day moving average price is $95.71 and its 200-day moving average price is $96.14.

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CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is a boost from CRH's previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.72%. CRH's dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CRH shares. JPMorgan Chase & Co. reduced their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada decreased their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday. Citigroup cut their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $109.83.

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.