Lansdowne Partners UK LLP lowered its position in CRH plc (NYSE:CRH - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,963,243 shares of the construction company's stock after selling 75,334 shares during the period. CRH comprises approximately 13.2% of Lansdowne Partners UK LLP's investment portfolio, making the stock its 4th biggest position. Lansdowne Partners UK LLP owned approximately 0.29% of CRH worth $181,639,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CRH. Heck Capital Advisors LLC acquired a new stake in CRH in the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised 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 acquiring an additional 240 shares during the period. Whipplewood Advisors LLC acquired a new position in CRH during the fourth quarter worth $38,000. Deseret Mutual Benefit Administrators lifted its holdings in CRH by 87.7% during 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 in the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of CRH during the fourth quarter worth about $57,000. 62.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CRH shares. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Royal Bank of Canada decreased their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup lowered their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $109.83.
Get Our Latest Research Report on CRH
CRH Price Performance
Shares of NYSE CRH traded up $0.22 during midday trading on Tuesday, hitting $86.00. The company's stock had a trading volume of 3,067,840 shares, compared to its average volume of 5,631,575. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The business's fifty day simple moving average is $95.71 and its two-hundred day simple moving average is $96.14. 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 Increases Dividend
The firm 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 an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.72%. CRH's payout ratio is 22.66%.
About CRH
(
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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