Natixis Advisors L.P. Sells 49,319 Shares of CRH plc (NYSE:CRH)

Natixis Advisors L.P. decreased its stake in CRH plc (NYSE:CRH) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,086 shares of the construction company’s stock after selling 49,319 shares during the period. Natixis Advisors L.P.’s holdings in CRH were worth $13,699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Barclays PLC purchased a new stake in CRH during the third quarter valued at about $941,562,000. International Assets Investment Management LLC bought a new stake in CRH in the 4th quarter worth approximately $3,358,000. Vanguard Group Inc. purchased a new stake in CRH in the third quarter worth approximately $1,484,901,000. Asio Capital LLC raised its stake in shares of CRH by 75.3% during the fourth quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock worth $3,736,000 after acquiring an additional 23,205 shares in the last quarter. Finally, California Public Employees Retirement System bought a new stake in shares of CRH in the 3rd quarter worth approximately $73,833,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.4 %

Shares of NYSE CRH opened at $80.93 on Wednesday. CRH plc has a 1 year low of $47.14 and a 1 year high of $88.00. The company’s 50-day moving average is $82.40 and its 200 day moving average is $72.07.

CRH (NYSE:CRH) last announced its earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $8.69 billion during the quarter. On average, research analysts anticipate that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were issued a dividend of $0.262 per share. This represents a dividend yield of 2%. The ex-dividend date was Thursday, March 14th.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com raised shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Jefferies Financial Group raised their price target on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Citigroup increased their price objective on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial upped their price target on shares of CRH from $81.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Vertical Research assumed coverage on shares of CRH in a report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

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.