CRH plc (NYSE:CRH) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC decreased its position in shares of CRH plc (NYSE:CRH) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 190,908 shares of the construction company’s stock after selling 205 shares during the period. NorthCrest Asset Manangement LLC’s holdings in CRH were worth $17,705,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Grove Bank & Trust boosted its stake in CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares during the last quarter. UMB Bank n.a. lifted its position in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. CVA Family Office LLC grew its stake in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after purchasing an additional 128 shares in the last quarter. Lindbrook Capital LLC increased its holdings in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. raised its stake in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRH. Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CRH currently has an average rating of “Buy” and an average price target of $107.75.

CRH Stock Performance

Shares of NYSE:CRH traded down $0.52 on Friday, hitting $91.99. The company’s stock had a trading volume of 1,384,297 shares, compared to its average volume of 2,710,890. The company has a market capitalization of $62.48 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. CRH plc has a 12 month low of $66.42 and a 12 month high of $104.23. The stock’s 50-day moving average is $97.84 and its two-hundred day moving average is $89.67.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were given a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio is presently 21.00%.

CRH 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.