Crossmark Global Holdings Inc. Sells 1,297 Shares of CRH plc (NYSE:CRH)

Crossmark Global Holdings Inc. lowered its stake in CRH plc (NYSE:CRH) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,914 shares of the construction company’s stock after selling 1,297 shares during the period. Crossmark Global Holdings Inc.’s holdings in CRH were worth $362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Arkadios Wealth Advisors increased its holdings in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the period. Grove Bank & Trust increased its stake in CRH by 9.5% in 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 during the last quarter. UMB Bank n.a. raised its position in CRH by 72.7% during the third 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 lifted its stake in CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after purchasing an additional 128 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $101.36 on Monday. The firm has a market cap of $68.85 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.09 and a beta of 1.31. CRH plc has a 52-week low of $68.76 and a 52-week high of $104.23. The firm has a 50 day moving average price of $97.35 and a two-hundred day moving average price of $91.55.

CRH Cuts Dividend

The company 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. 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%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRH shares. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Citigroup reduced 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. Finally, Truist Financial lifted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently 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.