Whalen Wealth Management Inc. Reduces Stock Position in CRH plc (NYSE:CRH)

Whalen Wealth Management Inc. decreased its position in shares of CRH plc (NYSE:CRH) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,194 shares of the construction company’s stock after selling 155 shares during the quarter. Whalen Wealth Management Inc.’s holdings in CRH were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the period. Legal & General Group Plc lifted its stake in CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after acquiring an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CRH by 515.7% in 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 valued at $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. APG Asset Management N.V. acquired a new position in CRH in the 2nd quarter valued at about $86,830,000. Finally, Franklin Resources Inc. increased its stake in CRH by 8.7% during the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $100.36 on Thursday. The stock has a market capitalization of $68.17 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.08 and a beta of 1.31. CRH plc has a 12 month low of $68.15 and a 12 month high of $104.23. The firm’s fifty day simple moving average is $97.28 and its 200-day simple moving average is $91.19.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio is currently 21.00%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRH shares. Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. DA Davidson upped their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus price target of $107.75.

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.