CRH plc (NYSE:CRH) Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC reduced its holdings in CRH plc (NYSE:CRH - Free Report) by 25.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,160 shares of the construction company's stock after selling 5,508 shares during the period. Transatlantique Private Wealth LLC's holdings in CRH were worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CRH in the 4th quarter worth about $1,391,245,000. FMR LLC raised its position in CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of CRH by 17.0% in the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after buying an additional 2,437,868 shares during the period. AGF Management Ltd. grew its position in shares of CRH by 4,264.7% during the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock worth $95,714,000 after buying an additional 1,010,825 shares in the last quarter. Finally, National Bank of Canada FI increased its position in CRH by 32,560.1% during the 4th quarter. National Bank of Canada FI now owns 951,714 shares of the construction company's stock valued at $88,053,000 after purchasing an additional 948,800 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CRH. Loop Capital initiated coverage on shares of CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Berenberg Bank set a $120.00 price target on shares of CRH in a research note on Friday, February 28th. Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Royal Bank of Canada cut their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH presently has an average rating of "Buy" and an average price target of $112.36.

CRH Stock Up 1.5 %

Shares of CRH stock traded up $1.33 on Friday, hitting $92.68. 3,861,664 shares of the company were exchanged, compared to its average volume of 5,678,793. The company has a 50-day moving average price of $93.04 and a 200 day moving average price of $95.91. The stock has a market capitalization of $62.68 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were issued a $0.37 dividend. The ex-dividend date was Friday, March 14th. 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 yield of 1.60%. CRH's dividend payout ratio is currently 22.66%.

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.