Wellington Management Group LLP Sells 185,628 Shares of CRH plc (NYSE:CRH)

Wellington Management Group LLP reduced its holdings in shares of CRH plc (NYSE:CRH) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,746,959 shares of the construction company’s stock after selling 185,628 shares during the quarter. Wellington Management Group LLP owned 0.41% of CRH worth $255,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CRH by 7.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after acquiring an additional 114,072 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after purchasing an additional 5,889 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after purchasing an additional 232,977 shares during the period. Merit Financial Group LLC raised its stake in CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after buying an additional 5,610 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after buying an additional 12,076 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. 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. Finally, StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $109.64.

CRH Stock Performance

CRH opened at $88.88 on Wednesday. The stock has a market cap of $60.11 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm’s fifty day moving average is $99.37 and its 200 day moving average is $96.78. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. This is an increase from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. CRH’s payout ratio is presently 15.51%.

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.