Wells Fargo & Company MN Sells 12,981 Shares of CRH plc (NYSE:CRH)

Wells Fargo & Company MN lessened its position in CRH plc (NYSE:CRH - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 609,794 shares of the construction company's stock after selling 12,981 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of CRH worth $56,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors raised its stake in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after buying an additional 109 shares during the last quarter. Parallel Advisors LLC raised its position in shares of CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after purchasing an additional 129 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after purchasing an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after purchasing an additional 150 shares in the last quarter. Finally, Manitou Investment Management Ltd. increased its stake in CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock valued at $1,037,000 after purchasing an additional 160 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of NYSE:CRH traded up $1.54 during trading on Monday, reaching $86.28. 903,806 shares of the company were exchanged, compared to its average volume of 5,618,973. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a market capitalization of $58.35 billion, a PE ratio of 17.26, a P/E/G ratio of 1.15 and a beta of 1.30. The business's fifty day simple moving average is $96.40 and its 200-day simple moving average is $96.26.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.72%. CRH's dividend payout ratio is 22.66%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. Citigroup dropped their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $110.00.

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.