Artemis Investment Management LLP Reduces Stake in CRH plc

Artemis Investment Management LLP has reduced its stake in CRH plc (NYSE:CRH) by 18.2% in the fourth quarter, according to its latest filing with the SEC. After selling 122,936 shares during this period, the firm now holds 552,849 shares of the construction company. This represents 0.08% of CRH, valued at approximately $51,150,000 at the conclusion of the latest reporting period.

Other Institutional Changes

Additionally, other large investors have also adjusted their holdings in CRH. Victory Capital Management Inc. acquired a new position during the second quarter, with a value around $206,000. Meanwhile, Dimensional Fund Advisors LP increased its holdings in CRH by 5.0% during the same quarter, now owning 2,099,866 shares valued at $157,365,000 after acquiring an extra 100,038 shares. Mercer Global Advisors Inc. ADV raised its shareholding by 24.7%, reaching 20,431 shares valued at $1,532,000 after adding 4,050 shares. Other investments include Meiji Yasuda Asset Management Co Ltd, which purchased shares worth $714,000, and Amalgamated Bank which invested about $2,823,000. Overall, institutional investors hold 62.50% of CRH's stock.

CRH Stock Performance

As of Friday, CRH plc's shares opened at $97.69. The stock has experienced a low of $68.15 and a high of $104.23 over the past year. Its 50-day moving average stands at $97.37 and the 200-day moving average at $90.52. Currently, CRH has a market capitalization of $66.35 billion and a price-to-earnings ratio of 19.54, along with a PEG ratio of 1.00 and a beta of 1.31.

Dividend Information

The company has recently announced a variable dividend, which was paid out on December 18th. Investors recorded on November 22nd received a dividend of $0.262 per share. The ex-dividend date was also November 22nd, yielding a return of 1.4%. CRH's current dividend payout ratio is 21.00%.

Analyst Recommendations

Numerous analysts have provided insights on CRH shares. Barclays began covering CRH on October 29th, assigning an "overweight" rating with a target price of $110. Hsbc Global Research also upgraded CRH to a "strong-buy" rating on November 11th. Additionally, DA Davidson raised its price target for CRH from $110 to $120, giving the stock a "buy" rating on the same day. JPMorgan Chase increased its price objective from $114 to $116 with an "overweight" rating on November 20th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating on November 11th. At present, one investment analyst has assigned a hold rating, twelve have recommended a buy, and one has given a strong buy rating. MarketBeat.com data indicates the average rating for CRH is "Buy" with an average target price of $107.75.

CRH Company Overview

CRH plc, along with its subsidiaries, provides construction materials both in Ireland and globally. It operates through several segments, including Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company is involved in delivering materials for public infrastructure projects and the construction of commercial and residential buildings, producing aggregates, cement, ready-mixed concrete, and asphalt, while also providing paving and construction services.

CRH, Investment, Shares