CRH plc (NYSE:CRH) Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. reduced its position in CRH plc (NYSE:CRH) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,194 shares of the construction company’s stock after selling 155 shares during the quarter. Whalen Wealth Management Inc.’s holdings in CRH were worth $481,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the period. Legal & General Group Plc boosted its holdings in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after purchasing an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 purchasing an additional 4,274,336 shares during the period. APG Asset Management N.V. purchased a new position in shares of CRH during the 2nd quarter worth approximately $86,830,000. Finally, Franklin Resources Inc. lifted its holdings in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after buying an additional 1,148,708 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Up 1.1 %

CRH opened at $100.36 on Thursday. The business’s fifty day simple moving average is $97.28 and its 200 day simple moving average is $91.19. CRH plc has a 52 week low of $68.15 and a 52 week high of $104.23. The firm has a market cap of $68.17 billion, a P/E ratio of 20.07, a PEG ratio of 1.08 and a beta of 1.31.

CRH Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup dropped their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CRH has a consensus rating of “Buy” and an average 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.