CRH plc (NYSE:CRH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of CRH plc (NYSE:CRH) by 40.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,113 shares of the construction company’s stock after selling 8,119 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CRH were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of CRH during the fourth quarter worth approximately $30,000. UMB Bank n.a. bought a new position in CRH during the fourth quarter worth $33,000. WASHINGTON TRUST Co bought a new position in CRH during the fourth quarter worth $35,000. Chilton Capital Management LLC bought a new position in CRH during the fourth quarter worth $35,000. Finally, Allworth Financial LP lifted its stake in CRH by 59.3% during the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock worth $42,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $77.63 on Thursday. CRH plc has a fifty-two week low of $47.14 and a fifty-two week high of $88.00. The firm’s 50-day simple moving average is $82.19 and its 200 day simple moving average is $70.58.

CRH Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 15th were paid a dividend of $0.262 per share. This represents a dividend yield of 2%. The ex-dividend date was Thursday, March 14th.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Stifel Nicolaus restated a “hold” rating and set a $82.00 price objective (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Vertical Research started coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. Truist Financial raised their target price on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Citigroup raised their target price on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.31.

CRH 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.