Wellington Management Group LLP Sells 214,836 Shares of CRH plc (NYSE:CRH)

Wellington Management Group LLP decreased its position in CRH plc (NYSE:CRH - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,932,587 shares of the construction company's stock after selling 214,836 shares during the period. Wellington Management Group LLP owned about 0.43% of CRH worth $268,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CRH. Wexford Capital LP purchased a new position in shares of CRH during the 3rd quarter valued at $612,000. State Street Corp lifted its holdings in CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock valued at $1,218,532,000 after purchasing an additional 618,786 shares during the last quarter. Stifel Financial Corp boosted its position in CRH by 10.7% during the third quarter. Stifel Financial Corp now owns 104,969 shares of the construction company's stock worth $9,735,000 after purchasing an additional 10,136 shares during the period. Safe Harbor Fiduciary LLC bought a new position in CRH during the third quarter worth about $65,000. Finally, Quantinno Capital Management LP increased its stake in shares of CRH by 23.9% in the third quarter. Quantinno Capital Management LP now owns 41,805 shares of the construction company's stock worth $3,875,000 after purchasing an additional 8,071 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Trading Up 0.2 %

Shares of CRH stock traded up $0.16 on Friday, hitting $103.00. 3,686,342 shares of the company traded hands, compared to its average volume of 3,737,332. CRH plc has a 12-month low of $62.80 and a 12-month high of $104.23. The company has a market cap of $69.96 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.31 and a beta of 1.29. The firm's 50-day simple moving average is $96.43 and its 200 day simple moving average is $87.05.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH's payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRH shares. DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Hsbc Global Res raised CRH to a "strong-buy" rating in a report on Monday, November 11th. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price objective on the stock. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH has an average rating of "Buy" and an average price target of $106.42.

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.