Gulf International Bank UK Ltd Decreases Stock Position in CRH plc (NYSE:CRH)

Gulf International Bank UK Ltd reduced its holdings in shares of CRH plc (NYSE:CRH) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,494 shares of the construction company’s stock after selling 591 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CRH were worth $4,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of CRH during the 3rd quarter worth approximately $7,895,000. Arkadios Wealth Advisors acquired a new stake in CRH during the 3rd quarter valued at $206,000. Wealth Enhancement Advisory Services LLC increased its position in CRH by 8.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,081 shares of the construction company’s stock worth $842,000 after buying an additional 683 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of CRH by 187.1% in the third quarter. Nisa Investment Advisors LLC now owns 69,839 shares of the construction company’s stock worth $6,477,000 after acquiring an additional 45,516 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of CRH in the third quarter valued at $2,665,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Down 0.6 %

CRH stock opened at $101.68 on Friday. The company has a market cap of $69.06 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock has a 50-day moving average price of $98.42 and a two-hundred day moving average price of $95.12. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97.

CRH Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from CRH’s previous dividend of $0.23. CRH’s payout ratio is presently 21.00%.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent research reports. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. DA Davidson boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup decreased their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, HSBC started coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $107.75.

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.