California State Teachers Retirement System Sells 37,710 Shares of CRH plc (NYSE:CRH)

California State Teachers Retirement System cut its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 811,785 shares of the construction company's stock after selling 37,710 shares during the period. California State Teachers Retirement System owned 0.12% of CRH worth $75,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in CRH during the 4th quarter valued at $1,391,245,000. FMR LLC grew its position in shares of CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after acquiring an additional 2,437,868 shares in the last quarter. AGF Management Ltd. grew its holdings in CRH by 4,264.7% during the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock valued at $95,714,000 after purchasing an additional 1,010,825 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in CRH by 32,560.1% in the fourth quarter. National Bank of Canada FI now owns 951,714 shares of the construction company's stock worth $88,053,000 after purchasing an additional 948,800 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada dropped their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $112.36.

CRH Trading Up 0.6 %

CRH stock opened at $93.01 on Tuesday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm has a market cap of $62.90 billion, a PE ratio of 18.60, a PEG ratio of 1.15 and a beta of 1.30. The company has a fifty day simple moving average of $92.42 and a 200 day simple moving average of $96.03.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.59%. This is a positive change from CRH's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 14th. CRH's dividend payout ratio (DPR) is presently 22.66%.

CRH 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.

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