Phoenix Financial Ltd. cut its holdings in CRH plc (NYSE:CRH - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,406 shares of the construction company's stock after selling 9,877 shares during the quarter. Phoenix Financial Ltd.'s holdings in CRH were worth $7,347,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CRH. Captrust Financial Advisors boosted its position in CRH by 15.9% in the third quarter. Captrust Financial Advisors now owns 7,958 shares of the construction company's stock valued at $738,000 after buying an additional 1,091 shares in the last quarter. Centiva Capital LP bought a new stake in shares of CRH during the third quarter worth about $230,000. IHT Wealth Management LLC acquired a new position in shares of CRH in the third quarter valued at approximately $240,000. Stifel Financial Corp raised its holdings in CRH by 10.7% in the 3rd quarter. Stifel Financial Corp now owns 104,969 shares of the construction company's stock valued at $9,735,000 after buying an additional 10,136 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in CRH during the 3rd quarter worth approximately $372,000. Institutional investors own 62.50% of the company's stock.
CRH Trading Up 0.3 %
CRH stock traded up $0.26 during midday trading on Tuesday, reaching $86.04. The stock had a trading volume of 1,512,164 shares, compared to its average volume of 5,615,877. The company has a fifty day moving average price of $96.09 and a two-hundred day moving average price of $96.21. The company has a market capitalization of $58.19 billion, a P/E ratio of 17.21, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97.
CRH Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a $0.37 dividend. This is a boost from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, March 14th. CRH's dividend payout ratio (DPR) is currently 22.66%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target 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. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada decreased their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday. One research 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 data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $109.83.
Read Our Latest Research Report on CRH
CRH Profile
(
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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