NorthCrest Asset Manangement LLC Trims Stock Position in CRH plc (NYSE:CRH)

NorthCrest Asset Manangement LLC lessened its stake in CRH plc (NYSE:CRH) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,908 shares of the construction company’s stock after selling 205 shares during the period. NorthCrest Asset Manangement LLC’s holdings in CRH were worth $17,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CRH. Grove Bank & Trust raised its position in CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. increased its stake in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. CVA Family Office LLC raised its holdings in CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after purchasing an additional 128 shares in the last quarter. Lindbrook Capital LLC lifted its position in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after purchasing an additional 135 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock traded down $0.52 on Friday, reaching $91.99. The company had a trading volume of 1,384,297 shares, compared to its average volume of 2,710,890. The company’s fifty day moving average is $97.84 and its 200 day moving average is $89.67. The company has a market cap of $62.48 billion, a P/E ratio of 18.40, a PEG ratio of 1.25 and a beta of 1.31. CRH plc has a 1 year low of $66.42 and a 1 year high of $104.23.

CRH Cuts Dividend

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

Analyst Ratings Changes

CRH has been the subject of several recent analyst reports. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $107.75.

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.