Fulton Bank N.A. Has $769,000 Stake in CRH plc (NYSE:CRH)

Fulton Bank N.A. lowered its holdings in CRH plc (NYSE:CRH) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,311 shares of the construction company’s stock after selling 343 shares during the quarter. Fulton Bank N.A.’s holdings in CRH were worth $769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRH. Victory Capital Management Inc. bought a new stake in CRH during the 2nd quarter worth about $206,000. Choreo LLC acquired a new stake in shares of CRH in the second quarter valued at approximately $644,000. Daiwa Securities Group Inc. bought a new position in CRH in the 2nd quarter worth approximately $4,672,000. AGF Management Ltd. acquired a new position in CRH during the 2nd quarter worth $1,788,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of CRH in the 2nd quarter valued at $19,156,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of several research reports. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Truist Financial raised their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, HSBC began coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. One research 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 data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $107.75.

CRH Stock Performance

NYSE:CRH opened at $92.37 on Friday. The stock’s 50-day simple moving average is $97.84 and its 200 day simple moving average is $89.67. CRH plc has a 52-week low of $66.42 and a 52-week high of $104.23. The company has a market cap of $62.74 billion, a P/E ratio of 18.47, a P/E/G ratio of 1.25 and a beta of 1.31.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders 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 dividend 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.