Altrinsic Global Advisors LLC Sells 27,759 Shares of CRH plc (NYSE:CRH)

Altrinsic Global Advisors LLC lessened its holdings in shares of CRH plc (NYSE:CRH) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 693,552 shares of the construction company’s stock after selling 27,759 shares during the period. CRH accounts for approximately 3.1% of Altrinsic Global Advisors LLC’s holdings, making the stock its 12th biggest position. Altrinsic Global Advisors LLC owned 0.10% of CRH worth $64,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Virtu Financial LLC bought a new stake in CRH during the third quarter worth about $3,581,000. Eaton Financial Holdings Company LLC purchased a new stake in shares of CRH in the 3rd quarter worth approximately $417,000. World Investment Advisors LLC bought a new position in CRH during the 3rd quarter valued at approximately $209,000. Wilmington Savings Fund Society FSB purchased a new position in CRH during the third quarter valued at $440,000. Finally, Tidal Investments LLC boosted its holdings in CRH by 168.7% in the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 13,868 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 3.5 %

NYSE CRH opened at $85.57 on Wednesday. The company has a 50-day moving average price of $93.78 and a 200-day moving average price of $95.95. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a market capitalization of $57.87 billion, a P/E ratio of 17.11, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were given a $0.37 dividend. The ex-dividend date was Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.73%. CRH’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of analyst reports. Loop Capital began coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target on the stock. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada lowered their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $112.36.

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.