Camden National Bank Has $339,000 Holdings in CRH plc (NYSE:CRH)

Camden National Bank lowered its stake in CRH plc (NYSE:CRH) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,661 shares of the construction company’s stock after selling 219 shares during the period. Camden National Bank’s holdings in CRH were worth $339,000 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. FMR LLC lifted its position in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after buying an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after purchasing an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of CRH by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after purchasing an additional 826,758 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRH shares. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Truist Financial boosted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $108.45.

CRH Trading Down 1.5 %

CRH stock opened at $97.34 on Friday. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The firm has a market cap of $66.11 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.15 and a beta of 1.30. The business’s 50 day moving average is $99.06 and its 200-day moving average is $95.77.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This is a positive change from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio is currently 20.87%.

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.