ExodusPoint Capital Management LP Sells 267,962 Shares of CRH plc (NYSE:CRH)

ExodusPoint Capital Management LP decreased its position in shares of CRH plc (NYSE:CRH) by 53.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CRH. Thrivent Financial for Lutherans increased its position in shares of CRH by 40.1% during the third quarter. Thrivent Financial for Lutherans now owns 5,508 shares of the construction company’s stock worth $511,000 after acquiring an additional 1,577 shares in the last quarter. Captrust Financial Advisors boosted its stake in CRH by 15.9% during the 3rd quarter. Captrust Financial Advisors now owns 7,958 shares of the construction company’s stock valued at $738,000 after purchasing an additional 1,091 shares during the last quarter. Atom Investors LP bought a new stake in CRH during the 3rd quarter worth approximately $284,000. Benjamin Edwards Inc. raised its stake in shares of CRH by 61.9% in the third quarter. Benjamin Edwards Inc. now owns 16,561 shares of the construction company’s stock worth $1,536,000 after purchasing an additional 6,335 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of CRH in the third quarter valued at approximately $230,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 2.0 %

CRH stock opened at $90.64 on Thursday. The firm has a 50 day moving average price of $99.17 and a 200-day moving average price of $96.74. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a market capitalization of $61.30 billion, a P/E ratio of 18.13, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.63%. This is a positive change 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 15.51%.

Analyst Upgrades and Downgrades

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

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.