CRH plc (NYSE:CRH) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC reduced its position in CRH plc (NYSE:CRH) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,548 shares of the construction company’s stock after selling 254 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in CRH were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its holdings in shares of CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares during the period. UMB Bank n.a. increased its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC raised its holdings in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after buying an additional 128 shares during the period. Lindbrook Capital LLC lifted its position in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

NYSE CRH opened at $95.62 on Friday. The company has a market capitalization of $64.95 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. CRH plc has a 12 month low of $66.42 and a 12 month high of $104.23. The company’s fifty day moving average price is $97.53 and its two-hundred day moving average price is $90.31.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 21.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRH. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley raised their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $107.75.

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.