Fifth Third Wealth Advisors LLC Cuts Stock Position in CRH plc (NYSE:CRH)

Fifth Third Wealth Advisors LLC decreased its stake in shares of CRH plc (NYSE:CRH) by 46.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,252 shares of the construction company’s stock after selling 1,928 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in CRH were worth $208,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRH. Grove Bank & Trust increased its holdings in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares in the last quarter. UMB Bank n.a. increased its stake in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $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 worth $567,000 after buying an additional 128 shares during the last quarter. Lindbrook Capital LLC raised its holdings in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of CRH stock opened at $97.69 on Friday. The company has a market cap of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.31. CRH plc has a 1 year low of $68.15 and a 1 year high of $104.23. The firm has a fifty day moving average price of $97.37 and a 200-day moving average price of $90.52.

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent analyst reports. HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for 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 research report on Monday, January 6th. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target 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.