Greenhaven Associates Inc. Has $58.45 Million Holdings in CRH plc (NYSE:CRH)

Greenhaven Associates Inc. reduced its position in CRH plc (NYSE:CRH) by 94.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 631,793 shares of the construction company’s stock after selling 10,523,480 shares during the quarter. CRH makes up 0.9% of Greenhaven Associates Inc.’s portfolio, making the stock its 13th largest holding. Greenhaven Associates Inc. owned approximately 0.09% of CRH worth $58,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRH. Arkadios Wealth Advisors increased its stake in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares during the period. Grove Bank & Trust grew its stake in shares of CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after purchasing an additional 123 shares during the period. UMB Bank n.a. raised its holdings in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares in the last quarter. CVA Family Office LLC lifted its position in shares of CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRH shares. Morgan Stanley lifted their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, HSBC started coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $107.75.

CRH Price Performance

CRH stock opened at $99.20 on Wednesday. The business has a 50-day moving average of $97.28 and a 200-day moving average of $90.94. The stock has a market capitalization of $67.38 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.06 and a beta of 1.31. CRH plc has a fifty-two week low of $68.15 and a fifty-two week high of $104.23.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were given a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio is currently 21.00%.

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.