Picton Mahoney Asset Management Sells 6,900 Shares of CRH plc (NYSE:CRH)

Picton Mahoney Asset Management cut its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the construction company's stock after selling 6,900 shares during the quarter. Picton Mahoney Asset Management's holdings in CRH were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CRH. Assetmark Inc. lifted its holdings in CRH by 29.2% during the third quarter. Assetmark Inc. now owns 1,598 shares of the construction company's stock valued at $148,000 after purchasing an additional 361 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of CRH in the third quarter worth about $483,000. Victory Capital Management Inc. lifted its holdings in shares of CRH by 6,859.4% in the third quarter. Victory Capital Management Inc. now owns 191,105 shares of the construction company's stock worth $17,723,000 after buying an additional 188,359 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of CRH by 84.8% in the third quarter. OneDigital Investment Advisors LLC now owns 28,158 shares of the construction company's stock worth $2,611,000 after buying an additional 12,918 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of CRH by 5.5% in the third quarter. CIBC Asset Management Inc now owns 24,510 shares of the construction company's stock worth $2,273,000 after buying an additional 1,274 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRH. 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 report on Tuesday, March 11th. Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. Citigroup lowered their target price 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, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $109.25.

CRH Stock Down 1.2 %

Shares of CRH stock traded down $1.21 on Thursday, hitting $97.55. The stock had a trading volume of 16,960,481 shares, compared to its average volume of 4,863,643. CRH plc has a one year low of $71.18 and a one year high of $110.97. The stock has a market cap of $66.03 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.15 and a beta of 1.30. The stock's 50-day simple moving average is $99.65 and its two-hundred day simple moving average is $96.26.

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. 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 1.52%. The ex-dividend date of this dividend is Friday, March 14th. CRH's payout ratio is presently 15.51%.

CRH Company 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.