CRH plc (NYSE:CRH) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC reduced its stake in CRH plc (NYSE:CRH) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,595 shares of the construction company’s stock after selling 2,002 shares during the period. Lake Street Advisors Group LLC’s holdings in CRH were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of 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 buying an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. lifted its position in 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 acquiring an additional 1,148,708 shares during the last quarter. State Street Corp boosted its stake in CRH by 4.9% in the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock valued at $1,218,532,000 after acquiring an additional 618,786 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CRH by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after purchasing an additional 826,758 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CRH by 2.1% during the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock worth $738,113,000 after purchasing an additional 165,825 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. HSBC started coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. Truist Financial raised their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Stock Performance

CRH stock opened at $101.68 on Friday. The stock has a market capitalization 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. The company has a fifty day moving average of $98.42 and a 200-day moving average of $95.12. CRH plc has a one year low of $71.18 and a one year high of $110.97.

CRH Increases Dividend

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

CRH Company 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.