Virtu Financial LLC decreased its position in CRH plc (NYSE:CRH - Free Report) by 80.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,578 shares of the construction company's stock after selling 31,036 shares during the quarter. Virtu Financial LLC's holdings in CRH were worth $701,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of CRH. Sumitomo Mitsui Trust Group Inc. boosted its position in CRH by 7.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock valued at $144,605,000 after buying an additional 114,072 shares during the last quarter. Park Avenue Securities LLC increased its position in CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after purchasing an additional 5,889 shares during the period. Charles Schwab Investment Management Inc. lifted its position in CRH by 10.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock valued at $226,732,000 after purchasing an additional 232,977 shares during the period. Merit Financial Group LLC boosted its stake in shares of CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock worth $6,733,000 after buying an additional 12,076 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have issued reports on CRH shares. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Citigroup dropped their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $109.64.
View Our Latest Research Report on CRH
CRH Stock Performance
CRH stock traded down $4.05 during midday trading on Friday, reaching $88.09. The stock had a trading volume of 11,039,934 shares, compared to its average volume of 5,457,916. The stock has a market capitalization of $59.57 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm's fifty day simple moving average is $99.96 and its 200-day simple moving average is $96.58. 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 declared 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. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.68%. CRH's dividend payout ratio (DPR) is currently 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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