Richardson Financial Services Inc. Sells 146 Shares of CRH plc (NYSE:CRH)

Richardson Financial Services Inc. cut its stake in shares of CRH plc (NYSE:CRH) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 510 shares of the construction company’s stock after selling 146 shares during the period. Richardson Financial Services Inc.’s holdings in CRH were worth $47,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after acquiring an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after purchasing an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. increased its stake in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. Nordea Investment Management AB raised its holdings in CRH by 48.2% in the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of CRH by 21.4% during the third quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock worth $337,477,000 after purchasing an additional 649,993 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CRH. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Truist Financial raised their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Citigroup dropped their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One research 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’s stock. According to data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average target price of $107.75.

CRH Stock Down 0.6 %

NYSE:CRH opened at $99.15 on Monday. CRH plc has a twelve month low of $71.18 and a twelve month high of $104.23. The firm has a market capitalization of $67.34 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31. The stock’s 50 day moving average price is $97.23 and its two-hundred day moving average price is $92.23.

CRH Cuts Dividend

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

About CRH

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.