Stonegate Investment Group LLC bought a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,566 shares of the construction company's stock, valued at approximately $515,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. James Hambro & Partners LLP acquired a new position in shares of CRH in the 4th quarter valued at $926,000. KBC Group NV grew its position in shares of CRH by 7.4% in the fourth quarter. KBC Group NV now owns 1,310,177 shares of the construction company's stock valued at $121,218,000 after purchasing an additional 89,955 shares in the last quarter. Blue Trust Inc. raised its position in shares of CRH by 47.8% during the 4th quarter. Blue Trust Inc. now owns 4,206 shares of the construction company's stock valued at $390,000 after buying an additional 1,360 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of CRH by 50.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 16,690 shares of the construction company's stock valued at $1,544,000 after acquiring an additional 5,615 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in CRH by 4.3% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 30,744 shares of the construction company's stock worth $2,844,000 after purchasing an additional 1,261 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Citigroup decreased their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, Morgan Stanley raised their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $107.75.
View Our Latest Report on CRH
CRH Stock Up 0.5 %
NYSE CRH traded up $0.52 on Wednesday, reaching $99.04. The company had a trading volume of 2,954,955 shares, compared to its average volume of 3,165,153. CRH plc has a 52 week low of $70.83 and a 52 week high of $104.23. The stock's 50 day moving average is $97.31 and its 200-day moving average is $91.92. The stock has a market cap of $67.27 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.09 and a beta of 1.31.
CRH Cuts Dividend
The firm also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio is currently 21.00%.
CRH Company Profile
(
Free Report)
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.
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