Transatlantique Private Wealth LLC Sells 5,508 Shares of CRH plc (NYSE:CRH)

Transatlantique Private Wealth LLC lowered its position in CRH plc (NYSE:CRH) by 25.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,160 shares of the construction company’s stock after selling 5,508 shares during the period. Transatlantique Private Wealth LLC’s holdings in CRH were worth $1,495,000 at the end of the most recent reporting period.

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

CRH Price Performance

Shares of CRH stock opened at $84.79 on Friday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The company has a 50-day moving average of $94.63 and a 200 day moving average of $96.02. The firm has a market cap of $57.34 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. 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%.

Analysts Set New Price Targets

CRH has been the topic of several recent analyst reports. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 target price on CRH in a research note on Friday, February 28th. 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 note on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup cut their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $112.36.

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.