Captrust Financial Advisors Sells 322 Shares of CRH plc (NYSE:CRH)


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Captrust Financial Advisors cut its holdings in CRH plc (NYSE:CRH) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,725 shares of the construction company’s stock after selling 322 shares during the quarter. Captrust Financial Advisors’ holdings in CRH were worth $73,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in CRH by 1.7% in the 4th quarter. Stifel Financial Corp now owns 58,915 shares of the construction company’s stock valued at $2,509,000 after acquiring an additional 976 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in CRH in the 4th quarter valued at approximately $430,000. Wetherby Asset Management Inc. lifted its position in CRH by 6.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,786 shares of the construction company’s stock valued at $587,000 after acquiring an additional 873 shares in the last quarter. Aperture Investors LLC bought a new position in CRH in the 4th quarter valued at approximately $644,000. Finally, Barclays PLC bought a new position in CRH in the 4th quarter valued at approximately $289,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CRH opened at $47.56 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.32 and a quick ratio of 1.94. The firm has a market capitalization of $37.28 billion, a price-to-earnings ratio of 18.58 and a beta of 1.07. CRH plc has a one year low of $25.76 and a one year high of $48.70. The business has a fifty day moving average price of $45.88 and a 200-day moving average price of $41.94.

The business also recently disclosed a dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Friday, March 19th will be paid a $0.5736 dividend. The ex-dividend date is Thursday, March 18th. This represents a dividend yield of 2.43%. CRH’s dividend payout ratio (DPR) is 72.66%.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised CRH from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, March 9th. Canaccord Genuity cut CRH to a “hold” rating and set a $5.10 price target on the stock. in a report on Tuesday, February 9th. Societe Generale reissued a “buy” rating on shares of CRH in a report on Tuesday, March 9th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Tuesday, December 22nd. Finally, Royal Bank of Canada cut CRH to a “sector perform” rating and set a $5.00 price target on the stock. in a report on Tuesday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. CRH currently has a consensus rating of “Buy” and an average price target of $21.03.

About CRH

CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Europe Heavyside, Lightside, and Distribution; Americas Materials and Products and Asia. The Europe Heavyside and Americas Materials segments produce and sell primary materials, including cement, aggregates, ready mixed concrete, asphalt, agricultural and chemical lime.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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