Hosking Partners LLP Sells 10,739 Shares of CRH plc (NYSE:CRH)

Hosking Partners LLP reduced its stake in shares of CRH plc (NYSE:CRH) by 11.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 84,234 shares of the construction company’s stock after selling 10,739 shares during the quarter. Hosking Partners LLP’s holdings in CRH were worth $7,793,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CRH. International Assets Investment Management LLC purchased a new position in CRH in the 3rd quarter worth approximately $7,895,000. Arkadios Wealth Advisors bought a new position in shares of CRH in the third quarter worth approximately $206,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CRH by 8.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,081 shares of the construction company’s stock worth $842,000 after purchasing an additional 683 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of CRH by 187.1% in the third quarter. Nisa Investment Advisors LLC now owns 69,839 shares of the construction company’s stock worth $6,477,000 after buying an additional 45,516 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in CRH during the 3rd quarter valued at $2,665,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CRH. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson increased their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, HSBC initiated coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Trading Down 0.6 %

Shares of CRH stock opened at $101.68 on Friday. The company’s fifty day moving average price is $98.42 and its 200-day moving average price is $95.12. The stock has a market cap of $69.06 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97.

CRH Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from CRH’s previous dividend of $0.23. CRH’s payout ratio is presently 21.00%.

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.