CRH plc (NYSE:CRH) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its holdings in CRH plc (NYSE:CRH) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,011 shares of the construction company’s stock after selling 218 shares during the quarter. TD Private Client Wealth LLC’s holdings in CRH were worth $1,019,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after acquiring an additional 114,072 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after purchasing an additional 5,889 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CRH by 10.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after purchasing an additional 232,977 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after buying an additional 5,610 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after buying an additional 12,076 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 2.9 %

Shares of CRH stock opened at $94.79 on Monday. The business has a 50 day moving average of $99.81 and a two-hundred day moving average of $96.44. The company has a market cap of $64.16 billion, a P/E ratio of 18.96, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio is presently 15.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRH. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. 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 report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CRH has an average rating of “Buy” and an average target price of $109.64.

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.