CRH plc (NYSE:CRH) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in CRH plc (NYSE:CRH) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,660 shares of the construction company’s stock after selling 3,240 shares during the quarter. Amalgamated Bank’s holdings in CRH were worth $3,947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Arkadios Wealth Advisors lifted its holdings in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares during the period. Lindbrook Capital LLC increased its holdings in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in CRH by 18.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after purchasing an additional 150 shares during the last quarter. Manitou Investment Management Ltd. boosted its position in CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after purchasing an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 0.9 %

CRH stock opened at $102.46 on Friday. The stock has a market capitalization of $69.59 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock’s fifty day simple moving average is $98.60 and its 200-day simple moving average is $95.26. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. This is a positive change from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio (DPR) is presently 21.00%.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent research reports. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Truist Financial raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Thursday. One investment 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $107.75.

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.