Stifel Financial Corp Purchases 10,136 Shares of CRH plc (NYSE:CRH)

Stifel Financial Corp boosted its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,969 shares of the construction company's stock after purchasing an additional 10,136 shares during the period. Stifel Financial Corp's holdings in CRH were worth $9,735,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CRH. GHP Investment Advisors Inc. increased its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after purchasing an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of CRH during the third quarter worth about $25,000. UMB Bank n.a. increased its stake in shares of 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 period. Meeder Asset Management Inc. bought a new position in CRH in the 3rd quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. boosted its position 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 period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CRH shares. HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective on the stock. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target on the stock. Hsbc Global Res raised CRH to a "strong-buy" rating in a research note on Monday, November 11th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Truist Financial increased their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus price target of $106.42.

CRH Stock Performance

Shares of CRH stock traded down $0.05 during trading hours on Thursday, hitting $98.57. 3,064,904 shares of the company were exchanged, compared to its average volume of 4,807,643. The company has a 50 day simple moving average of $96.92 and a two-hundred day simple moving average of $87.44. The firm has a market cap of $66.95 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.30 and a beta of 1.29. CRH plc has a fifty-two week low of $65.69 and a fifty-two week high of $104.23.

CRH Cuts Dividend

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

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.