Frank Rimerman Advisors LLC Trims Stock Holdings in CRH plc (NYSE:CRH)

Frank Rimerman Advisors LLC reduced its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,950 shares of the construction company's stock after selling 6,286 shares during the period. Frank Rimerman Advisors LLC's holdings in CRH were worth $1,291,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its stake in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock worth $216,000 after acquiring an additional 109 shares during the period. First Eagle Investment Management LLC lifted its holdings in CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after purchasing an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after purchasing an additional 150 shares during the period. Manitou Investment Management Ltd. grew its holdings in CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock valued at $1,037,000 after buying an additional 160 shares in the last quarter. Finally, Graypoint LLC raised its position in shares of CRH by 5.4% during the fourth quarter. Graypoint LLC now owns 3,315 shares of the construction company's stock valued at $307,000 after buying an additional 170 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms recently weighed in on CRH. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. Finally, Citigroup cut their price target on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $109.25.

CRH Stock Down 1.2 %

CRH traded down $1.21 during trading on Thursday, reaching $97.55. The company had a trading volume of 16,960,609 shares, compared to its average volume of 5,876,169. The business has a 50 day simple moving average of $99.65 and a 200-day simple moving average of $96.26. The stock has a market cap of $66.03 billion, a P/E ratio of 19.51, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The company also recently announced 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. This represents a $1.48 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. CRH's dividend payout ratio (DPR) is 15.51%.

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.