CRH plc (NYSE:CRH) Stock Position Reduced by Arizona State Retirement System

Arizona State Retirement System lessened its position in shares of CRH plc (NYSE:CRH) by 0.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 196,264 shares of the construction company’s stock after selling 764 shares during the quarter. Arizona State Retirement System’s holdings in CRH were worth $18,158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CRH. FMR LLC lifted its holdings in CRH by 33.4% during the 3rd 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 holdings in 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 buying an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. lifted its holdings in 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 buying an additional 1,148,708 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 buying an additional 826,758 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in 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 buying an additional 808,061 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Citigroup cut their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley raised their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus price target of $108.45.

CRH Stock Up 6.8 %

Shares of CRH opened at $102.81 on Thursday. The firm has a market capitalization of $69.83 billion, a PE ratio of 20.56, a P/E/G ratio of 1.15 and a beta of 1.30. The firm has a 50-day moving average price of $98.91 and a 200 day moving average price of $95.66. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

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 issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. CRH’s dividend payout ratio (DPR) is 20.87%.

CRH 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.