Lmcg Investments LLC Takes Position in CRH plc (NYSE:CRH)

Lmcg Investments LLC purchased a new position in CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,937 shares of the construction company's stock, valued at approximately $3,510,000.

A number of other hedge funds have also recently modified their holdings of CRH. FMR LLC increased its holdings in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the period. Legal & General Group Plc increased its stake in shares of CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company's stock valued at $361,278,000 after buying an additional 4,825,752 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CRH by 515.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock valued at $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Bank of Montreal Can lifted its stake in CRH by 173.0% in the second quarter. Bank of Montreal Can now owns 2,128,963 shares of the construction company's stock worth $160,183,000 after acquiring an additional 1,349,023 shares during the period. Finally, APG Asset Management N.V. bought a new stake in CRH in the second quarter valued at $86,830,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of research reports. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $107.75.

CRH Trading Up 1.5 %

CRH traded up $1.45 during trading hours on Tuesday, hitting $99.20. The company's stock had a trading volume of 4,942,987 shares, compared to its average volume of 3,374,124. The stock has a market cap of $67.38 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.06 and a beta of 1.31. The business's 50-day moving average price is $97.28 and its 200-day moving average price is $90.94. CRH plc has a 12 month low of $68.15 and a 12 month high of $104.23.

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

About CRH

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.