CRH plc (NYSE:CRH) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its position in shares of CRH plc (NYSE:CRH) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its position in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of CRH by 2.9% in the third 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after acquiring an additional 150 shares in the last quarter. Manitou Investment Management Ltd. lifted its position in shares of CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after acquiring an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRH. Citigroup dropped 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. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average price target of $108.45.

CRH Stock Performance

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

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio is currently 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.