Todd Asset Management LLC trimmed its position in CRH plc (NYSE:CRH - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 697,208 shares of the construction company's stock after selling 16,332 shares during the quarter. CRH comprises 1.1% of Todd Asset Management LLC's holdings, making the stock its 15th largest position. Todd Asset Management LLC owned approximately 0.10% of CRH worth $48,219,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Orion Capital Management LLC grew its position in CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company's stock worth $28,000 after purchasing an additional 200 shares during the period. Pinnacle Bancorp Inc. purchased a new position in CRH during the fourth quarter valued at approximately $30,000. UMB Bank n.a. acquired a new position in CRH in the fourth quarter valued at approximately $33,000. WASHINGTON TRUST Co purchased a new stake in CRH in the 4th quarter worth approximately $35,000. Finally, Chilton Capital Management LLC purchased a new position in shares of CRH during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Stock Performance
Shares of NYSE:CRH traded up $0.89 during trading on Friday, reaching $80.44. The stock had a trading volume of 2,535,534 shares, compared to its average volume of 3,015,089. CRH plc has a 1-year low of $47.14 and a 1-year high of $88.00. The business has a fifty day moving average price of $82.30 and a 200-day moving average price of $71.69.
CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The construction company reported $1.29 earnings per share for the quarter. The firm had revenue of $8.69 billion during the quarter. As a group, equities research analysts expect that CRH plc will post 5.36 earnings per share for the current fiscal year.
CRH Dividend Announcement
The firm also recently disclosed a Variable dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 15th were paid a dividend of $0.262 per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 2%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CRH. Citigroup lifted their price objective on shares of CRH from $101.00 to $106.00 and gave the company a "buy" rating in a report on Friday, April 5th. Vertical Research initiated coverage on CRH in a report on Friday, March 22nd. They issued a "buy" rating and a $105.00 price target for the company. Stifel Nicolaus reiterated a "hold" rating and set a $82.00 price target (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Truist Financial boosted their price objective on CRH from $81.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Finally, StockNews.com upgraded CRH from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $79.31.
Read Our Latest Stock Report on CRH
About CRH
(
Free Report)
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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