CRH plc (NYSE:CRH) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of CRH plc (NYSE:CRH) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,660 shares of the construction company’s stock after selling 3,240 shares during the quarter. Amalgamated Bank’s holdings in CRH were worth $3,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in CRH in the third quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH in the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the 3rd quarter valued at $35,000. Baillie Gifford & Co. lifted its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of CRH during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $102.46 on Friday. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The firm has a fifty day moving average price of $98.60 and a 200 day moving average price of $95.26. The stock has a market cap of $69.59 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio (DPR) is 21.00%.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent analyst reports. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Thursday. DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Buy” and a consensus price target of $107.75.

About CRH

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.