Motley Fool Wealth Management LLC Sells 1,765 Shares of CRH plc (NYSE:CRH)

Motley Fool Wealth Management LLC cut its position in shares of CRH plc (NYSE:CRH) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,104 shares of the construction company’s stock after selling 1,765 shares during the period. Motley Fool Wealth Management LLC’s holdings in CRH were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after purchasing an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. raised its stake in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after buying an additional 1,148,708 shares during the last quarter. AGF Management Ltd. boosted its stake in CRH by 4,264.7% in the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company’s stock worth $95,714,000 after purchasing an additional 1,010,825 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of CRH by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after buying an additional 826,758 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after buying an additional 808,061 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research analyst reports. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $109.64.

CRH Stock Performance

CRH stock opened at $94.63 on Thursday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The firm’s fifty day moving average is $100.03 and its 200 day moving average is $96.61. The firm has a market cap of $64.00 billion, a PE ratio of 18.93, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is currently 15.51%.

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.