CRH plc (NYSE:CRH) Stock Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in CRH plc (NYSE:CRH) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,028,958 shares of the construction company’s stock after selling 102,431 shares during the quarter. Vanguard Group Inc.’s holdings in CRH were worth $1,869,323,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC boosted its holdings in shares of CRH by 100.0% during the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Pinnacle Bancorp Inc. acquired a new stake in shares of CRH during the fourth quarter worth approximately $30,000. UMB Bank n.a. acquired a new stake in shares of CRH during the fourth quarter worth approximately $33,000. WASHINGTON TRUST Co acquired a new stake in shares of CRH during the fourth quarter worth approximately $35,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of CRH during the fourth quarter worth approximately $35,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the subject of several research reports. Stephens initiated coverage on shares of CRH in a report on Tuesday. They set an “overweight” rating and a $95.00 price target for the company. Truist Financial raised their price target on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Vertical Research initiated coverage on shares of CRH in a research note on Friday, March 22nd. They issued a “buy” rating and a $105.00 target price for the company. StockNews.com cut shares of CRH from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 target price (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $93.11.

CRH Stock Performance

Shares of CRH stock opened at $77.85 on Wednesday. The firm has a fifty day simple moving average of $79.84 and a 200-day simple moving average of $76.65. CRH plc has a 1-year low of $51.59 and a 1-year high of $88.00.

CRH (NYSE:CRH) last issued its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. Equities research analysts anticipate that CRH plc will post 5.36 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, May 24th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 1.7%. This is a positive change from CRH’s previous Variable dividend of $0.23.

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.