CRH plc (NYSE:CRH) Shares Sold by abrdn plc

abrdn plc reduced its stake in shares of CRH plc (NYSE:CRH) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,439,284 shares of the construction company’s stock after selling 25,743 shares during the period. abrdn plc owned 0.21% of CRH worth $133,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CRH. AQR Capital Management LLC acquired a new position in shares of CRH during the 2nd quarter worth approximately $628,000. Cetera Investment Advisers lifted its holdings in CRH by 1.2% in the second quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company’s stock valued at $4,088,000 after acquiring an additional 632 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in CRH in the second quarter valued at approximately $2,138,000. GAMMA Investing LLC lifted its holdings in CRH by 106.2% in the third quarter. GAMMA Investing LLC now owns 1,291 shares of the construction company’s stock valued at $120,000 after acquiring an additional 665 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV acquired a new position in CRH in the third quarter valued at approximately $601,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRH shares. HSBC started coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CRH has an average rating of “Buy” and an average price target of $107.75.

CRH Trading Down 1.7 %

CRH stock opened at $97.36 on Tuesday. CRH plc has a twelve month low of $71.18 and a twelve month high of $104.23. The stock’s fifty day simple moving average is $97.23 and its 200-day simple moving average is $92.31. The firm has a market capitalization of $66.13 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.08 and a beta of 1.30.

CRH Cuts Dividend

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

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.