Mission Wealth Management LP Trims Position in CRH plc (NYSE:CRH)

Mission Wealth Management LP decreased its position in shares of CRH plc (NYSE:CRH) by 16.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,866 shares of the construction company’s stock after selling 1,934 shares during the period. Mission Wealth Management LP’s holdings in CRH were worth $913,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH in the third quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in CRH during the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in CRH in the 3rd quarter worth approximately $35,000. Baillie Gifford & Co. boosted its stake in CRH by 70.7% in 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 period. Finally, Whipplewood Advisors LLC purchased a new stake in CRH during the 4th quarter valued at approximately $38,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $96.32 on Wednesday. The business’s 50 day moving average price is $98.75 and its 200-day moving average price is $95.61. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company has a market cap of $65.42 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.54%. CRH’s payout ratio is 20.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRH. Citigroup lowered their target price 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 research note on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $108.45.

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.