CRH plc (NYSE:CRH) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC lowered its holdings in CRH plc (NYSE:CRH) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,831 shares of the construction company’s stock after selling 1,957 shares during the quarter. CRH accounts for about 1.2% of Greenwood Capital Associates LLC’s holdings, making the stock its 17th biggest position. Greenwood Capital Associates LLC’s holdings in CRH were worth $9,329,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CRH. Arkadios Wealth Advisors boosted its stake in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares in the last quarter. Grove Bank & Trust lifted its stake in CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after buying an additional 123 shares in the last quarter. UMB Bank n.a. grew its holdings in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. CVA Family Office LLC increased its position in CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after acquiring an additional 135 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE CRH opened at $98.52 on Tuesday. CRH plc has a 1-year low of $71.18 and a 1-year high of $104.23. The firm has a market capitalization of $66.91 billion, a PE ratio of 19.73, a P/E/G ratio of 1.08 and a beta of 1.30. The business’s fifty day moving average price is $97.23 and its two-hundred day moving average price is $92.31.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were given a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is 21.00%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several analyst reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. HSBC initiated coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. Finally, Citigroup decreased their price target 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, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $107.75.

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.