CRH plc (NYSE:CRH) is Princeton Global Asset Management LLC’s 10th Largest Position

Princeton Global Asset Management LLC decreased its holdings in CRH plc (NYSE:CRH) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 118,092 shares of the construction company’s stock after selling 3,201 shares during the quarter. CRH accounts for about 2.0% of Princeton Global Asset Management LLC’s holdings, making the stock its 10th biggest holding. Princeton Global Asset Management LLC’s holdings in CRH were worth $10,926,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter worth about $25,000. UMB Bank n.a. grew its holdings in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of CRH during the fourth quarter worth $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. grew its stake in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 0.6 %

Shares of CRH stock opened at $99.15 on Monday. CRH plc has a 12-month low of $71.18 and a 12-month high of $104.23. The business’s 50 day moving average is $97.23 and its two-hundred day moving average is $92.23. The company has a market capitalization of $67.34 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.08 and a beta of 1.30.

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 dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is currently 21.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup decreased their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. DA Davidson lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.