Forsta AP Fonden lowered its holdings in CRH plc (NYSE:CRH - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,253 shares of the construction company's stock after selling 5,900 shares during the period. Forsta AP Fonden's holdings in CRH were worth $22,136,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of CRH. FMR LLC boosted its position in CRH by 33.4% in 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 lifted its position 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 valued at $473,270,000 after buying an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock valued at $1,329,796,000 after buying an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock valued at $231,206,000 after buying an additional 808,061 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of CRH by 21.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company's stock valued at $337,477,000 after buying an additional 649,993 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
Wall Street Analysts Forecast Growth
CRH has been the topic of a number of analyst reports. Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 target price on the stock. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $107.75.
Get Our Latest Report on CRH
CRH Price Performance
CRH stock traded up $0.52 on Wednesday, reaching $99.04. 2,954,955 shares of the company traded hands, compared to its average volume of 3,165,153. CRH plc has a one year low of $70.83 and a one year high of $104.23. The company has a market cap of $67.27 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The firm has a fifty day simple moving average of $97.31 and a 200-day simple moving average of $91.92.
CRH Cuts Dividend
The firm also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH's payout ratio is 21.00%.
CRH Profile
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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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