CRH plc (NYSE:CRH) Holdings Raised by ARS Investment Partners LLC

ARS Investment Partners LLC increased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,364 shares of the construction company's stock after purchasing an additional 7,922 shares during the quarter. CRH makes up approximately 3.1% of ARS Investment Partners LLC's portfolio, making the stock its 10th biggest position. ARS Investment Partners LLC owned approximately 0.05% of CRH worth $33,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC increased its position in shares of CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after purchasing an additional 5,889 shares in the last quarter. Nordea Investment Management AB grew its stake in CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock worth $231,206,000 after buying an additional 808,061 shares during the last quarter. Tidal Investments LLC increased its position in CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock worth $2,049,000 after buying an additional 13,868 shares during the period. Merit Financial Group LLC lifted its stake in CRH by 31.8% in the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after buying an additional 5,610 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of CRH by 78.8% in the third quarter. M&T Bank Corp now owns 49,825 shares of the construction company's stock valued at $4,620,000 after acquiring an additional 21,962 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 1.5 %

CRH stock traded up $1.45 on Tuesday, reaching $99.20. 4,942,987 shares of the company's stock were exchanged, compared to its average volume of 3,374,124. The stock has a fifty day moving average of $97.28 and a 200-day moving average of $90.94. The firm has a market cap of $67.38 billion, a PE ratio of 19.84, a P/E/G ratio of 1.06 and a beta of 1.31. CRH plc has a twelve month low of $68.15 and a twelve month high of $104.23.

CRH Cuts Dividend

The business 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 of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio (DPR) is presently 21.00%.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. Citigroup cut their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. DA Davidson boosted their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, HSBC began coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $107.75.

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.