Mission Wealth Management LP Sells 1,934 Shares of CRH plc (NYSE:CRH)

Mission Wealth Management LP trimmed its stake in CRH plc (NYSE:CRH) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,866 shares of the construction company’s stock after selling 1,934 shares during the quarter. Mission Wealth Management LP’s holdings in CRH were worth $913,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Arkadios Wealth Advisors boosted its stake in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after purchasing an additional 109 shares in the last quarter. Lindbrook Capital LLC raised its holdings in 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 buying an additional 135 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after buying an additional 150 shares in the last quarter. Manitou Investment Management Ltd. grew 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 buying an additional 160 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position 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 in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH stock opened at $96.32 on Wednesday. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The company’s fifty day simple moving average is $98.75 and its 200-day simple moving average is $95.61. The stock has a market capitalization of $65.42 billion, a PE ratio of 19.26, a P/E/G 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. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, March 14th. This is a positive change from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is currently 20.87%.

Analyst Ratings Changes

CRH has been the topic of several analyst reports. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Citigroup decreased their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $108.45.

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.