Schechter Investment Advisors LLC Trims Holdings in CRH plc (NYSE:CRH)

Schechter Investment Advisors LLC decreased its holdings in CRH plc (NYSE:CRH) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,739 shares of the construction company’s stock after selling 1,945 shares during the quarter. Schechter Investment Advisors LLC’s holdings in CRH were worth $1,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC raised its position in 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 purchasing an additional 9,055,354 shares during the last quarter. Franklin Resources Inc. raised its position in CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares during the last quarter. State Street Corp raised its position in CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after buying an additional 618,786 shares during the last quarter. Bank of New York Mellon Corp raised its position in CRH by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after buying an additional 826,758 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in CRH by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock worth $738,113,000 after buying an additional 165,825 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CRH shares. DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Trading Down 2.5 %

Shares of NYSE CRH opened at $100.00 on Tuesday. The stock has a market cap of $67.92 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The company’s 50-day moving average price is $98.71 and its 200 day moving average price is $95.53.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.48%. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 14th. CRH’s dividend payout ratio is presently 20.87%.

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.