Forsta AP Fonden Sells 5,900 Shares of CRH plc (NYSE:CRH)

Forsta AP Fonden lowered its holdings in CRH plc (NYSE:CRH) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 239,253 shares of the construction company’s stock after selling 5,900 shares during the quarter. Forsta AP Fonden’s holdings in CRH were worth $22,136,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in 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 buying an additional 9,055,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CRH by 515.7% in 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 acquiring an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of 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 purchasing an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB boosted its position in CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in CRH by 21.4% in the third quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock worth $337,477,000 after purchasing an additional 649,993 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 0.7 %

CRH stock opened at $98.35 on Wednesday. The firm has a market cap of $66.80 billion, a PE ratio of 19.67, a P/E/G ratio of 1.09 and a beta of 1.31. The stock’s 50 day simple moving average is $97.31 and its two-hundred day simple moving average is $91.92. CRH plc has a 12 month low of $69.91 and a 12 month high of $104.23.

CRH Cuts Dividend

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

Analyst Ratings Changes

CRH has been the subject of a number of analyst reports. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $107.75.

CRH Company 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.