Natixis Advisors LLC Sells 29,755 Shares of CRH plc (NYSE:CRH)

Natixis Advisors LLC trimmed its stake in CRH plc (NYSE:CRH - Free Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,431 shares of the construction company's stock after selling 29,755 shares during the quarter. Natixis Advisors LLC's holdings in CRH were worth $25,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Heck Capital Advisors LLC bought a new stake in CRH in the 4th quarter valued at about $32,000. Meeder Asset Management Inc. bought a new stake in CRH during the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new stake in shares of CRH in the fourth quarter worth approximately $38,000. Deseret Mutual Benefit Administrators lifted its holdings 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 in the last quarter. Finally, Spire Wealth Management purchased a new position in shares of CRH during the fourth quarter valued at approximately $57,000. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped 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. Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. Finally, Citigroup cut their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $109.25.

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CRH Price Performance

Shares of CRH traded down $2.80 during mid-day trading on Friday, hitting $94.79. The stock had a trading volume of 37,706,517 shares, compared to its average volume of 5,002,722. The firm has a market cap of $64.16 billion, a P/E ratio of 18.96, 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. The business has a fifty day moving average price of $99.75 and a 200-day moving average price of $96.27.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.56%. CRH's dividend payout ratio 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.