Northwest & Ethical Investments L.P. reduced its stake in shares of CRH plc (NYSE:CRH - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,916 shares of the construction company's stock after selling 12,248 shares during the period. Northwest & Ethical Investments L.P.'s holdings in CRH were worth $3,786,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CRH. Arkadios Wealth Advisors boosted its position 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 purchasing an additional 109 shares during the period. Parallel Advisors LLC lifted its stake in shares of CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after buying an additional 129 shares in the last quarter. First Eagle Investment Management LLC boosted 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 buying an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB increased 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 buying an additional 150 shares in the last quarter. Finally, Manitou Investment Management Ltd. raised its holdings in CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock valued at $1,037,000 after acquiring an additional 160 shares during the period. 62.50% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on CRH shares. Berenberg Bank set a $120.00 target price on CRH in a research report on Friday, February 28th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $109.64.
Read Our Latest Analysis on CRH
CRH Price Performance
Shares of CRH stock traded up $0.21 during trading hours on Tuesday, reaching $98.34. The company's stock had a trading volume of 15,666,179 shares, compared to its average volume of 5,058,262. The firm has a 50 day moving average price of $99.94 and a 200-day moving average price of $96.53. The stock has a market cap of $66.56 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a one year low of $71.18 and a one year high of $110.97.
CRH Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. CRH's dividend payout ratio is 15.51%.
CRH Company 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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