CRH plc (NYSE:CRH) Shares Sold by Altrinsic Global Advisors LLC

Altrinsic Global Advisors LLC cut its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 693,552 shares of the construction company's stock after selling 27,759 shares during the period. CRH accounts for approximately 3.1% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Altrinsic Global Advisors LLC owned about 0.10% of CRH worth $64,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in CRH during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. grew its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after buying an additional 240 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $38,000. Deseret Mutual Benefit Administrators raised its stake in CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after acquiring an additional 236 shares during the last quarter. Finally, GeoWealth Management LLC lifted its position in CRH by 46.3% during the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock worth $52,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. Royal Bank of Canada decreased their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup cut their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CRH has a consensus rating of "Buy" and a consensus target price of $112.36.

CRH Trading Up 0.4 %

CRH traded up $0.35 during trading on Monday, hitting $92.79. The company's stock had a trading volume of 1,530,462 shares, compared to its average volume of 5,689,328. The firm has a market capitalization of $62.75 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 1.15 and a beta of 1.30. The business's fifty day simple moving average is $92.68 and its 200 day simple moving average is $96.02. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This is a boost from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.59%. CRH's dividend payout ratio is currently 22.66%.

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.