Artemis Investment Management LLP Lowers Position in CRH plc (NYSE:CRH)

Artemis Investment Management LLP decreased its holdings in shares of CRH plc (NYSE:CRH) by 18.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 552,849 shares of the construction company’s stock after selling 122,936 shares during the period. Artemis Investment Management LLP owned 0.08% of CRH worth $51,150,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Victory Capital Management Inc. purchased a new position in CRH during the second quarter valued at approximately $206,000. Dimensional Fund Advisors LP increased its holdings in shares of CRH by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,099,866 shares of the construction company’s stock valued at $157,365,000 after acquiring an additional 100,038 shares during the period. 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. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of CRH during the 2nd quarter worth $714,000. Finally, Amalgamated Bank bought a new stake in CRH during the second quarter valued at about $2,823,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 2.2 %

Shares of NYSE:CRH opened at $97.69 on Friday. CRH plc has a 52-week low of $68.15 and a 52-week high of $104.23. The business has a 50-day moving average price of $97.37 and a 200-day moving average price of $90.52. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.31.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CRH shares. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.