Federated Hermes Inc. Sells 189,586 Shares of CRH plc (NYSE:CRH)

Federated Hermes Inc. trimmed its stake in CRH plc (NYSE:CRH - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,197,403 shares of the construction company's stock after selling 189,586 shares during the quarter. Federated Hermes Inc. owned approximately 0.18% of CRH worth $110,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Heck Capital Advisors LLC purchased a new stake in CRH in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. boosted its position in CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after purchasing an additional 240 shares during the period. Whipplewood Advisors LLC bought a new position in CRH during the fourth quarter worth about $38,000. Deseret Mutual Benefit Administrators raised its position in shares of CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after purchasing an additional 236 shares during the period. Finally, Spire Wealth Management bought a new position in shares of CRH in the fourth quarter worth $57,000. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRH has been the subject of a number of recent analyst reports. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 price target on shares of CRH in a report on Friday, February 28th. Citigroup decreased their price target 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. JPMorgan Chase & Co. reduced their target price on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Loop Capital initiated coverage on CRH in a report on Wednesday. They issued a "buy" rating and a $114.00 price target on the stock. One equities 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $110.00.

CRH Trading Up 0.6 %

Shares of NYSE:CRH traded up $0.53 on Friday, reaching $83.79. 2,447,747 shares of the company traded hands, compared to its average volume of 5,606,369. The stock has a market capitalization of $56.67 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The business's 50-day simple moving average is $96.68 and its 200 day simple moving average is $96.29. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid 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 1.77%. The ex-dividend date of this dividend is Friday, March 14th. CRH's payout ratio is 22.66%.

CRH Profile

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.