CRH plc (NYSE:CRH) Shares Sold by Asio Capital LLC

Asio Capital LLC reduced its holdings in CRH plc (NYSE:CRH) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,788 shares of the construction company’s stock after selling 1,406 shares during the period. CRH makes up 1.0% of Asio Capital LLC’s holdings, making the stock its 27th biggest position. Asio Capital LLC’s holdings in CRH were worth $5,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC raised its holdings in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after acquiring an additional 9,055,354 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares during the last quarter. State Street Corp lifted its position in CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after buying an additional 618,786 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after buying an additional 35,209 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in CRH by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after buying an additional 165,825 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CRH. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Truist Financial upped their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $107.75.

CRH Trading Up 0.8 %

CRH opened at $101.36 on Friday. The firm has a market cap of $68.85 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.09 and a beta of 1.31. The stock’s 50-day moving average price is $97.35 and its 200 day moving average price is $91.44. CRH plc has a 12-month low of $68.76 and a 12-month high of $104.23.

CRH Cuts Dividend

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

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.