Greenhaven Associates Inc. Has $58.45 Million Stock Holdings in CRH plc (NYSE:CRH)

Greenhaven Associates Inc. lessened its holdings in shares of CRH plc (NYSE:CRH) by 94.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 631,793 shares of the construction company’s stock after selling 10,523,480 shares during the quarter. CRH accounts for approximately 0.9% of Greenhaven Associates Inc.’s portfolio, making the stock its 13th largest position. Greenhaven Associates Inc.’s holdings in CRH were worth $58,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in shares of CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after acquiring an additional 5,889 shares during the last quarter. Nordea Investment Management AB boosted its position in CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the period. Tidal Investments LLC raised its position in shares of CRH by 168.7% in the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 13,868 shares during the period. Merit Financial Group LLC lifted its stake in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after buying an additional 5,610 shares during the last quarter. Finally, M&T Bank Corp grew its stake in CRH by 78.8% in the 3rd quarter. M&T Bank Corp now owns 49,825 shares of the construction company’s stock valued at $4,620,000 after buying an additional 21,962 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRH shares. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. DA Davidson upped their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $107.75.

CRH Stock Performance

CRH stock opened at $99.20 on Wednesday. The stock has a market capitalization of $67.38 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The stock has a fifty day moving average of $97.28 and a 200-day moving average of $90.94. CRH plc has a 52 week low of $68.15 and a 52 week high of $104.23.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a yield of 1.4%. CRH’s 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.