ExodusPoint Capital Management LP Trims Stock Holdings in CRH plc (NYSE:CRH)

ExodusPoint Capital Management LP reduced its holdings in shares of CRH plc (NYSE:CRH) by 53.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,627 shares of the construction company’s stock after selling 267,962 shares during the quarter. ExodusPoint Capital Management LP’s holdings in CRH were worth $21,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in CRH during the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. raised its stake in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock valued at $33,000 after purchasing an additional 240 shares during the period. Whipplewood Advisors LLC purchased a new stake in CRH during the 4th quarter worth about $38,000. Deseret Mutual Benefit Administrators boosted its stake in CRH by 87.7% in the 4th 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 period. Finally, Spire Wealth Management purchased a new position in CRH during the 4th quarter valued at about $57,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

CRH Stock Up 2.0 %

Shares of CRH stock opened at $90.64 on Thursday. The firm has a market cap of $61.30 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The business has a 50-day moving average price of $99.17 and a two-hundred day moving average price of $96.74. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be given a dividend of $0.37 per share. This is a boost from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio (DPR) is presently 15.51%.

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.