Barings LLC lowered its stake in shares of CRH plc (NYSE:CRH - Free Report) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 482,068 shares of the construction company's stock after selling 412,679 shares during the period. CRH comprises about 1.1% of Barings LLC's investment portfolio, making the stock its 10th biggest holding. Barings LLC owned 0.07% of CRH worth $44,601,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its stake in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after buying an additional 109 shares during the period. Lindbrook Capital LLC raised its holdings in shares of CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock valued at $447,000 after purchasing an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Manitou Investment Management Ltd. raised its holdings in shares of CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock valued at $1,037,000 after purchasing an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
NYSE:CRH opened at $97.34 on Friday. The firm's 50-day moving average is $99.06 and its 200-day moving average is $95.84. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The company has a market cap of $66.11 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.15 and a beta of 1.30.
The business also recently disclosed a quarterly 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. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.52%. CRH's payout ratio is presently 20.87%.
A number of research firms have recently weighed in on CRH. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 price target on the stock. Finally, DA Davidson lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CRH presently has a consensus rating of "Buy" and an average price target of $108.45.
Get Our Latest Report on 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.
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