CRH plc (NYSE:CRH) Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its holdings in CRH plc (NYSE:CRH – Get Rating) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,291 shares of the construction company’s stock after selling 1,783 shares during the quarter. Citigroup Inc.’s holdings in CRH were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in CRH by 0.3% during the first quarter. JPMorgan Chase & Co. now owns 269,338 shares of the construction company’s stock worth $10,790,000 after acquiring an additional 724 shares during the last quarter. Bank of New York Mellon Corp increased its stake in CRH by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 262,579 shares of the construction company’s stock worth $10,519,000 after acquiring an additional 2,011 shares during the last quarter. American Century Companies Inc. acquired a new stake in CRH during the first quarter worth about $1,541,000. Bank of Montreal Can increased its stake in CRH by 3.1% during the first quarter. Bank of Montreal Can now owns 27,121 shares of the construction company’s stock worth $1,113,000 after acquiring an additional 816 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in CRH by 24.6% during the first quarter. Prudential Financial Inc. now owns 8,328 shares of the construction company’s stock worth $334,000 after acquiring an additional 1,643 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.3 %

CRH stock opened at $48.40 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. CRH plc has a 1 year low of $31.22 and a 1 year high of $52.20. The stock has a 50-day simple moving average of $49.13 and a 200-day simple moving average of $45.59.

CRH Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, May 11th. Stockholders of record on Friday, March 17th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, March 16th. This represents a dividend yield of 2.3%. This is a positive change from CRH’s previous Semi-Annual dividend of $0.24.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on CRH in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $47.33.

CRH Profile

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CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Americas Materials, Europe Materials, and Building Products. The Americas Materials segment provides asphalt paving services and produces materials such as cement, aggregates, ready mixed concrete, and asphalt.