CRH plc (NYSE:CRH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of CRH plc (NYSE:CRH) by 40.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,113 shares of the construction company’s stock after selling 8,119 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CRH were worth $838,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CRH. Vanguard Group Inc. acquired a new position in CRH during the third quarter worth $1,484,901,000. Barclays PLC acquired a new position in CRH during the third quarter worth $941,562,000. Invesco Ltd. raised its position in CRH by 1,136.3% during the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock worth $469,982,000 after acquiring an additional 7,892,691 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in CRH during the third quarter worth $418,653,000. Finally, Wellington Management Group LLP acquired a new position in CRH during the third quarter worth $416,982,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH opened at $77.63 on Thursday. CRH plc has a 12-month low of $47.14 and a 12-month high of $88.00. The firm has a 50-day moving average price of $82.19 and a 200 day moving average price of $70.58.

CRH Announces Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th were paid a dividend of $0.262 per share. This represents a yield of 2%. The ex-dividend date of this dividend was Thursday, March 14th.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CRH shares. Vertical Research started coverage on shares of CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 target price for the company. DA Davidson started coverage on shares of CRH in a research report on Friday, January 19th. They issued a “buy” rating and a $82.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 target price (up from $80.00) on shares of CRH in a research report on Monday, April 15th. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Finally, Jefferies Financial Group increased their target price on shares of CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.31.

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.