Mediolanum International Funds Ltd Has $28.55 Million Holdings in CRH plc (NYSE:CRH)

Mediolanum International Funds Ltd lessened its holdings in CRH plc (NYSE:CRH) by 30.9% during the fourth quarter, HoldingsChannel reports. The fund owned 309,488 shares of the construction company’s stock after selling 138,403 shares during the quarter. Mediolanum International Funds Ltd’s holdings in CRH were worth $28,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRH. AQR Capital Management LLC acquired a new stake in shares of CRH in the 2nd quarter worth about $628,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of CRH by 37.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 80,305 shares of the construction company’s stock worth $6,021,000 after acquiring an additional 21,900 shares during the last quarter. Quarry LP acquired a new stake in shares of CRH in the 2nd quarter worth about $49,000. Truist Financial Corp grew its position in CRH by 12.3% in the 2nd quarter. Truist Financial Corp now owns 374,584 shares of the construction company’s stock worth $28,086,000 after purchasing an additional 40,962 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in CRH by 1.2% in the 2nd quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company’s stock worth $4,088,000 after purchasing an additional 632 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays initiated coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. One 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. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $107.75.

CRH Trading Up 0.7 %

Shares of CRH stock opened at $99.75 on Friday. The stock has a market capitalization of $67.75 billion, a P/E ratio of 19.95, a PEG ratio of 1.09 and a beta of 1.31. The firm’s 50 day moving average is $97.29 and its 200 day moving average is $91.97. CRH plc has a 12 month low of $71.18 and a 12 month high of $104.23.

CRH Cuts Dividend

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

About CRH

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.