CRH plc (NYSE:CRH) Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its holdings in shares of CRH plc (NYSE:CRH) by 19.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,032 shares of the construction company’s stock after selling 1,246 shares during the quarter. Gradient Investments LLC’s holdings in CRH were worth $466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Manitou Investment Management Ltd. raised its position 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 worth $1,037,000 after buying an additional 160 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in CRH by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 53,356 shares of the construction company’s stock worth $4,937,000 after purchasing an additional 1,199 shares in the last quarter. SG Americas Securities LLC lifted its position in CRH by 404.6% in the fourth quarter. SG Americas Securities LLC now owns 422,413 shares of the construction company’s stock worth $39,082,000 after purchasing an additional 338,699 shares during the period. Nisa Investment Advisors LLC boosted its stake in CRH by 25.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 87,570 shares of the construction company’s stock valued at $8,102,000 after purchasing an additional 17,731 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in shares of CRH by 17.7% during the 4th quarter. Atomi Financial Group Inc. now owns 12,119 shares of the construction company’s stock valued at $1,121,000 after purchasing an additional 1,822 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research analyst reports. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 0.8 %

Shares of CRH stock opened at $101.36 on Friday. The stock has a market cap of $68.85 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. CRH plc has a 12 month low of $68.76 and a 12 month high of $104.23. The business has a fifty day simple moving average of $97.35 and a 200-day simple moving average of $91.44.

CRH Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were issued a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is 21.00%.

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.