Zurcher Kantonalbank Zurich Cantonalbank Sells 25,344 Shares of CRH plc (NYSE:CRH)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in CRH plc (NYSE:CRH) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 420,975 shares of the construction company’s stock after selling 25,344 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CRH were worth $29,033,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in shares of CRH by 139.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock valued at $30,000 after purchasing an additional 317 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CRH during the 4th quarter worth approximately $30,000. KB Financial Partners LLC bought a new position in shares of CRH during the 1st quarter worth approximately $30,000. UMB Bank n.a. bought a new position in shares of CRH during the 4th quarter worth approximately $33,000. Finally, WASHINGTON TRUST Co bought a new position in shares of CRH during the 4th quarter worth approximately $35,000. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $79.19 on Wednesday. CRH plc has a twelve month low of $47.14 and a twelve month high of $88.00. The company’s 50 day moving average is $81.74 and its two-hundred day moving average is $69.72.

CRH Announces Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 15th will be paid a $0.262 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, March 14th.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday. 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 price objective for the company. Citigroup boosted their price objective on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Truist Financial boosted their price objective on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. 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 target price on the stock. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.31.

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.