CRH plc (NYSE:CRH) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lowered its position in CRH plc (NYSE:CRH) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,449 shares of the construction company’s stock after selling 1,023 shares during the quarter. Diversify Advisory Services LLC’s holdings in CRH were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in shares of CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after purchasing an additional 109 shares in the last quarter. Grove Bank & Trust raised its holdings in CRH by 9.5% in the third 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 during the period. UMB Bank n.a. lifted its position in CRH by 72.7% during the third 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 in the last quarter. CVA Family Office LLC grew its stake 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 during the period. Finally, Lindbrook Capital LLC raised its stake in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRH. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Trading Up 0.1 %

CRH stock opened at $100.42 on Friday. The stock’s 50 day simple moving average is $97.28 and its 200 day simple moving average is $91.19. CRH plc has a 12-month low of $68.73 and a 12-month high of $104.23. The firm has a market cap of $68.20 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.08 and a beta of 1.31.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were paid a dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH’s 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.