Fifth Third Bancorp Sells 43,321 Shares of CRH plc (NYSE:CRH)

Fifth Third Bancorp trimmed its position in CRH plc (NYSE:CRH - Free Report) by 74.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,117 shares of the construction company's stock after selling 43,321 shares during the period. Fifth Third Bancorp's holdings in CRH were worth $1,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after acquiring an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new position in CRH in the third quarter valued at approximately $35,000. Baillie Gifford & Co. grew its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of CRH during the 2nd quarter worth approximately $49,000. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target 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. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Truist Financial boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $107.75.

CRH Stock Up 0.5 %

Shares of NYSE CRH traded up $0.52 during mid-day trading on Wednesday, hitting $99.04. 2,954,955 shares of the company traded hands, compared to its average volume of 3,165,153. The business has a 50 day moving average of $97.31 and a two-hundred day moving average of $91.92. The stock has a market capitalization of $67.27 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.09 and a beta of 1.31. CRH plc has a 1 year low of $70.83 and a 1 year high of $104.23.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were given a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio (DPR) is presently 21.00%.

CRH Company 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.