M&T Bank Corp Sells 4,861 Shares of CRH plc (NYSE:CRH)

M&T Bank Corp lessened its stake in CRH plc (NYSE:CRH) by 11.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,613 shares of the construction company’s stock after selling 4,861 shares during the period. M&T Bank Corp’s holdings in CRH were worth $2,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CRH. Janiczek Wealth Management LLC boosted its holdings in CRH by 3.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock valued at $329,000 after acquiring an additional 155 shares during the last quarter. Allworth Financial LP increased its position in shares of CRH by 25.6% during the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after buying an additional 199 shares during the period. Clearstead Advisors LLC increased its position in shares of CRH by 14.3% during the third quarter. Clearstead Advisors LLC now owns 1,600 shares of the construction company’s stock worth $88,000 after buying an additional 200 shares during the period. Orion Capital Management LLC lifted its holdings in CRH by 100.0% in the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock valued at $28,000 after buying an additional 200 shares during the period. Finally, Gradient Investments LLC lifted its holdings in CRH by 2.1% in the third quarter. Gradient Investments LLC now owns 9,763 shares of the construction company’s stock valued at $534,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CRH shares. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price objective (up from $80.00) on shares of CRH in a research report on Monday, April 15th. Truist Financial lifted their price objective on shares of CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. DA Davidson assumed coverage on shares of CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 target price on the stock. StockNews.com raised shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Finally, Vertical Research began coverage on shares of CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Stock Performance

CRH opened at $79.79 on Thursday. CRH plc has a fifty-two week low of $47.14 and a fifty-two week high of $88.00. The company’s 50-day moving average is $82.40 and its 200 day moving average is $72.07.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, February 29th. The construction company reported $1.29 EPS for the quarter. The company had revenue of $8.69 billion during the quarter. As a group, research analysts predict that CRH plc will post 5.36 EPS for the current year.

CRH Dividend Announcement

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

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.