CRH plc (NYSE:CRH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of CRH plc (NYSE:CRH) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,348,142 shares of the construction company’s stock after selling 335,581 shares during the quarter. JPMorgan Chase & Co.’s holdings in CRH were worth $494,810,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CRH. Arkadios Wealth Advisors grew its stake in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after buying an additional 109 shares during the period. Parallel Advisors LLC lifted its holdings in shares of CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after acquiring an additional 129 shares in the last quarter. First Eagle Investment Management LLC boosted its position in CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock worth $405,000 after purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Finally, Manitou Investment Management Ltd. raised its position in CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 4.4 %

NYSE:CRH opened at $88.09 on Friday. The company has a market cap of $59.57 billion, a PE ratio of 17.62, a P/E/G ratio of 1.15 and a beta of 1.30. The business’s 50 day moving average is $99.77 and its two-hundred day moving average is $96.68. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a yield of 1.68%. CRH’s dividend payout ratio (DPR) is 15.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CRH shares. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH presently has an average rating of “Buy” and a consensus target price of $109.64.

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.