Geller Advisors LLC Buys Shares of 10,019 CRH plc (NYSE:CRH)

Geller Advisors LLC bought a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,019 shares of the construction company's stock, valued at approximately $929,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the third quarter worth about $25,000. UMB Bank n.a. boosted 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 worth $28,000 after purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. boosted its holdings 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 buying an additional 259 shares during the period. Meeder Asset Management Inc. bought a new position in shares of CRH during the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. raised its position in shares of 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 purchasing an additional 162 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

CRH stock traded down $2.91 during trading hours on Monday, hitting $100.09. The company had a trading volume of 6,613,586 shares, compared to its average volume of 4,802,930. The firm's fifty day moving average is $96.43 and its 200-day moving average is $87.10. The firm has a market capitalization of $67.98 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. CRH plc has a fifty-two week low of $65.06 and a fifty-two week high of $104.23.

CRH Cuts Dividend

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

Analysts Set New Price Targets

CRH has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $106.42.

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.