Lake Street Advisors Group LLC Reduces Position in CRH plc (NYSE:CRH)

Lake Street Advisors Group LLC decreased its holdings in CRH plc (NYSE:CRHFree Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,595 shares of the construction company’s stock after selling 2,002 shares during the period. Lake Street Advisors Group LLC’s holdings in CRH were worth $333,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock worth $144,605,000 after buying an additional 114,072 shares in the last quarter. Park Avenue Securities LLC raised 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 period. Merit Financial Group LLC raised its holdings 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 acquiring an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after purchasing an additional 12,076 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in CRH during the fourth quarter worth about $2,335,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRH shares. JPMorgan Chase & Co. boosted their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup decreased 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. Finally, Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. 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. According to MarketBeat, CRH has an average rating of “Buy” and a consensus target price of $107.75.

Check Out Our Latest Stock Report on CRH

CRH Price Performance

NYSE CRH opened at $101.68 on Friday. The company has a market cap of $69.06 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.15 and a beta of 1.30. The stock has a 50-day moving average of $98.42 and a two-hundred day moving average of $95.12. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97.

CRH Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This is a positive change from CRH’s previous dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio (DPR) is presently 21.00%.

CRH Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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