CRH plc (NYSE:CRH) Shares Sold by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC lessened its holdings in CRH plc (NYSE:CRH) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,944 shares of the construction company’s stock after selling 1,435 shares during the quarter. CRH makes up about 5.6% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 5th largest holding. 12th Street Asset Management Company LLC’s holdings in CRH were worth $33,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in shares of CRH by 4.9% during 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. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CRH by 18.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after acquiring an additional 150 shares during the period. Manitou Investment Management Ltd. boosted its holdings in shares of CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after acquiring an additional 160 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. Finally, Graypoint LLC boosted its holdings in shares of CRH by 5.4% during the fourth quarter. Graypoint LLC now owns 3,315 shares of the construction company’s stock valued at $307,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRH shares. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, eleven have given 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 an average target price of $109.25.

CRH Trading Down 3.8 %

Shares of CRH stock opened at $94.68 on Friday. The company’s 50-day moving average price is $99.29 and its two-hundred day moving average price is $95.98. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market cap of $64.09 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio (DPR) is currently 20.87%.

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.