CRH plc (NYSE:CRH) Shares Sold by Grove Bank & Trust

Grove Bank & Trust decreased its holdings in CRH plc (NYSE:CRH) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,296 shares of the construction company’s stock after selling 123 shares during the quarter. Grove Bank & Trust’s holdings in CRH were worth $120,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CRH. Victory Capital Management Inc. acquired a new position in CRH in the 2nd quarter worth about $206,000. Mercer Global Advisors Inc. ADV raised its holdings in CRH by 24.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,431 shares of the construction company’s stock worth $1,532,000 after purchasing an additional 4,050 shares during the period. Amalgamated Bank acquired a new position in CRH in the 2nd quarter worth about $2,823,000. AE Wealth Management LLC raised its holdings in CRH by 17.4% in the 2nd quarter. AE Wealth Management LLC now owns 14,284 shares of the construction company’s stock worth $1,071,000 after purchasing an additional 2,115 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in CRH by 259.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 190,666 shares of the construction company’s stock worth $14,296,000 after purchasing an additional 137,556 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CRH shares. DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays started coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. Morgan Stanley increased their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. 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 for the company. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $107.75.

CRH Stock Performance

Shares of CRH stock opened at $97.69 on Tuesday. The firm has a market capitalization of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.00 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. The stock has a 50 day moving average of $97.37 and a 200 day moving average of $90.77.

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 given 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 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.