Burney Co. Sells 5,130 Shares of CRH plc (NYSE:CRH)

Burney Co. reduced its position in CRH plc (NYSE:CRH) by 64.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,775 shares of the construction company’s stock after selling 5,130 shares during the period. Burney Co.’s holdings in CRH were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new stake in CRH in the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its stake in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH in the 3rd quarter valued at about $35,000. Baillie Gifford & Co. raised its stake in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. Finally, Covestor Ltd bought a new stake in shares of CRH during the third quarter valued at about $58,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

NYSE CRH opened at $97.69 on Friday. CRH plc has a 52-week low of $68.15 and a 52-week high of $104.23. The company has a market capitalization of $66.35 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.00 and a beta of 1.31. The company has a fifty day moving average of $97.37 and a 200-day moving average of $90.52.

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 issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio is currently 21.00%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. 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 note on Monday, January 6th. 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. JPMorgan Chase & Co. boosted their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.