CRH plc (NYSE:CRH) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp trimmed its holdings in CRH plc (NYSE:CRH) by 22.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,898 shares of the construction company’s stock after selling 9,140 shares during the quarter. Cibc World Markets Corp’s holdings in CRH were worth $2,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the third quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new position in shares of CRH during the fourth quarter worth approximately $38,000. Deseret Mutual Benefit Administrators grew its position in shares of CRH by 87.7% during the fourth 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, Spire Wealth Management purchased a new position in shares of CRH during the fourth quarter worth approximately $57,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

CRH stock opened at $97.55 on Friday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The business has a fifty day moving average of $99.75 and a two-hundred day moving average of $96.27. The company has a market cap of $66.03 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently announced a quarterly 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 represents a $1.48 dividend on an annualized basis and a yield of 1.52%. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is 15.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CRH shares. Berenberg Bank set a $120.00 target price on shares of CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price 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. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus target price of $109.25.

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.