Grove Bank & Trust Sells 123 Shares of CRH plc (NYSE:CRH)

Grove Bank & Trust cut its position in shares of CRH plc (NYSE:CRH) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,296 shares of the construction company’s stock after selling 123 shares during the period. Grove Bank & Trust’s holdings in CRH were worth $120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CRH. Victory Capital Management Inc. bought a new position in shares of CRH in the 2nd quarter worth $206,000. Mercer Global Advisors Inc. ADV raised its position in shares of CRH by 24.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,431 shares of the construction company’s stock worth $1,532,000 after acquiring an additional 4,050 shares in the last quarter. Amalgamated Bank bought a new position in shares of CRH in the 2nd quarter worth $2,823,000. AE Wealth Management LLC raised its position in shares of CRH by 17.4% in the 2nd quarter. AE Wealth Management LLC now owns 14,284 shares of the construction company’s stock worth $1,071,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in shares of CRH by 259.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 190,666 shares of the construction company’s stock worth $14,296,000 after acquiring an additional 137,556 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 2.2 %

Shares of CRH opened at $97.69 on Tuesday. CRH plc has a 52 week low of $68.15 and a 52 week high of $104.23. The company has a market capitalization of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.31. The stock’s 50-day moving average price is $97.37 and its 200-day moving average price is $90.77.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were paid a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 21.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. HSBC assumed coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $107.75.

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.