Dakota Wealth Management Sells 187 Shares of CRH plc (NYSE:CRH)

Dakota Wealth Management lowered its stake in CRH plc (NYSE:CRH) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,007 shares of the construction company’s stock after selling 187 shares during the quarter. Dakota Wealth Management’s holdings in CRH were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRH. Arkadios Wealth Advisors raised its position 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 buying an additional 109 shares during the last quarter. Grove Bank & Trust grew its stake in shares of CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. grew its stake in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. CVA Family Office LLC raised its holdings in shares of CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the last quarter. Finally, Lindbrook Capital LLC boosted 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 purchasing an additional 135 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.8 %

Shares of CRH stock opened at $101.36 on Friday. CRH plc has a 52 week low of $68.76 and a 52 week high of $104.23. The stock’s 50-day simple moving average is $97.35 and its 200-day simple moving average is $91.44. The company has a market capitalization of $68.85 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.09 and a beta of 1.31.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 21.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price 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. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $107.75.

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.