CRH plc (NYSE:CRH) Holdings Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,012 shares of the construction company's stock after acquiring an additional 8,426 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in CRH were worth $22,351,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CRH. GHP Investment Advisors Inc. lifted its position in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after buying an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new position in CRH during the third quarter worth about $25,000. UMB Bank n.a. lifted its position 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 purchasing an additional 125 shares during the period. Baillie Gifford & Co. boosted its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of CRH during the 2nd quarter worth approximately $43,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH stock traded down $0.97 during trading on Wednesday, hitting $99.18. 2,940,251 shares of the stock were exchanged, compared to its average volume of 4,891,577. The stock has a market cap of $67.71 billion, a PE ratio of 19.97, a P/E/G ratio of 1.45 and a beta of 1.29. The stock's fifty day moving average is $91.92 and its 200 day moving average is $84.52. CRH plc has a 12 month low of $58.57 and a 12 month high of $102.51.

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 paid a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's payout ratio is currently 32.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRH. Morgan Stanley increased their price objective on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a report on Monday. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Monday. Finally, DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $105.55.

CRH 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.