Frank Rimerman Advisors LLC Reduces Holdings in CRH plc (NYSE:CRH)

Frank Rimerman Advisors LLC reduced its stake in shares of CRH plc (NYSE:CRH) by 31.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,950 shares of the construction company’s stock after selling 6,286 shares during the period. Frank Rimerman Advisors LLC’s holdings in CRH were worth $1,291,000 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 stock. Catalyst Funds Management Pty Ltd raised its holdings in shares of CRH by 7,055.6% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 64,400 shares of the construction company’s stock worth $5,958,000 after acquiring an additional 63,500 shares during the last quarter. Buckley Wealth Management LLC raised its stake in CRH by 2.7% in the 4th quarter. Buckley Wealth Management LLC now owns 8,931 shares of the construction company’s stock valued at $826,000 after purchasing an additional 233 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after purchasing an additional 136 shares in the last quarter. LBP AM SA acquired a new stake in shares of CRH during the 4th quarter worth about $1,724,000. Finally, Tredje AP fonden grew its holdings in shares of CRH by 50.6% during the fourth quarter. Tredje AP fonden now owns 135,558 shares of the construction company’s stock worth $12,542,000 after buying an additional 45,558 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $97.08 on Friday. The firm has a market capitalization of $65.71 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a one year low of $71.18 and a one year high of $110.97. The company’s 50 day moving average price is $99.37 and its 200 day moving average price is $96.09.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders 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 dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is currently 20.87%.

Analysts Set New Price Targets

Several analysts have commented on CRH shares. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. One 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 stock. According to data from MarketBeat, the stock has a consensus 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.