Benjamin Edwards Inc. Has $1.54 Million Stake in CRH plc (NYSE:CRH)

Benjamin Edwards Inc. lifted its stake in CRH plc (NYSE:CRH - Free Report) by 61.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,561 shares of the construction company's stock after buying an additional 6,335 shares during the period. Benjamin Edwards Inc.'s holdings in CRH were worth $1,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atom Investors LP bought a new position in CRH during the 3rd quarter worth approximately $284,000. Maverick Capital Ltd. bought a new position in CRH during the 3rd quarter worth approximately $1,372,000. Point72 Europe London LLP lifted its holdings in CRH by 7.4% during the 3rd quarter. Point72 Europe London LLP now owns 519,718 shares of the construction company's stock worth $48,199,000 after buying an additional 35,863 shares during the last quarter. Fred Alger Management LLC bought a new position in CRH during the 3rd quarter worth approximately $610,000. Finally, Captrust Financial Advisors raised its position in shares of CRH by 15.9% during the 3rd quarter. Captrust Financial Advisors now owns 7,958 shares of the construction company's stock worth $738,000 after purchasing an additional 1,091 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Price Performance

CRH stock traded down $0.15 during trading hours on Friday, reaching $102.69. 1,714,996 shares of the stock were exchanged, compared to its average volume of 4,801,268. The company has a market cap of $69.75 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.29 and a beta of 1.29. The firm's 50-day moving average is $96.22 and its 200-day moving average is $86.87. CRH plc has a 12 month low of $62.80 and a 12 month high of $104.23.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 1.4%. CRH's dividend payout ratio (DPR) is currently 37.20%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. HSBC started coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price target for the company. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. JPMorgan Chase & Co. raised their price objective on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Finally, Hsbc Global Res upgraded CRH to a "strong-buy" rating in a report on Monday, November 11th. One equities research 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. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $106.42.

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.