HighTower Advisors LLC increased its stake in CRH plc (NYSE:CRH - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,687 shares of the construction company's stock after acquiring an additional 10,019 shares during the period. HighTower Advisors LLC's holdings in CRH were worth $17,318,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. increased its position in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock valued at $25,000 after purchasing an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH during the third quarter worth $25,000. UMB Bank n.a. increased its holdings in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in CRH in the third quarter valued at $35,000. Finally, Baillie Gifford & Co. lifted its holdings in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after buying an additional 162 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Barclays initiated coverage on CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective on the stock. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. DA Davidson boosted their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. One 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 stock. According to MarketBeat.com, CRH currently has an average rating of "Buy" and an average target price of $106.42.
Get Our Latest Stock Report on CRH
CRH Stock Up 0.2 %
CRH traded up $0.16 during trading on Friday, hitting $103.00. 3,686,342 shares of the stock were exchanged, compared to its average volume of 3,737,332. The firm has a market capitalization of $69.96 billion, a P/E ratio of 20.60, a PEG ratio of 1.31 and a beta of 1.29. CRH plc has a 1-year low of $62.80 and a 1-year high of $104.23. The stock has a fifty day moving average price of $96.43 and a two-hundred day moving average price of $87.05.
CRH Cuts Dividend
The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH's dividend payout ratio (DPR) is 37.20%.
About CRH
(
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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