TD Private Client Wealth LLC Reduces Stock Position in CRH plc (NYSE:CRH)

TD Private Client Wealth LLC trimmed its holdings in shares of CRH plc (NYSE:CRH) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,011 shares of the construction company’s stock after selling 218 shares during the quarter. TD Private Client Wealth LLC’s holdings in CRH were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of CRH in the fourth quarter valued at $32,000. Whipplewood Advisors LLC bought a new position in CRH during the 4th quarter valued at about $38,000. Deseret Mutual Benefit Administrators lifted its stake in CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock worth $47,000 after purchasing an additional 236 shares during the last quarter. Spire Wealth Management bought a new stake in CRH in the fourth quarter worth about $57,000. Finally, Versant Capital Management Inc boosted its position in shares of CRH by 111.4% during the fourth quarter. Versant Capital Management Inc now owns 668 shares of the construction company’s stock valued at $62,000 after buying an additional 352 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $94.79 on Monday. The company has a market cap of $64.16 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The company has a fifty day moving average price of $99.81 and a 200 day moving average price of $96.44. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. CRH’s dividend payout ratio (DPR) is currently 15.51%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus price target of $109.64.

CRH Company 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.