CRH plc (NYSE:CRH) Shares Bought by Transform Wealth LLC

Transform Wealth LLC increased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,736 shares of the construction company's stock after buying an additional 12,363 shares during the period. Transform Wealth LLC's holdings in CRH were worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH in the third quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after buying an additional 125 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in CRH during the 3rd quarter worth approximately $35,000. Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Covestor Ltd purchased a new position in shares of CRH in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

Shares of NYSE CRH traded up $1.59 during midday trading on Tuesday, hitting $99.34. 2,482,787 shares of the company's stock were exchanged, compared to its average volume of 3,165,945. The firm's fifty day simple moving average is $97.28 and its 200-day simple moving average is $90.94. The company has a market cap of $67.47 billion, a PE ratio of 19.87, a P/E/G ratio of 1.06 and a beta of 1.31. CRH plc has a twelve month low of $68.15 and a twelve month high of $104.23.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio is presently 21.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRH. Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Morgan Stanley boosted their price target on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Barclays started coverage on CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CRH has an average rating of "Buy" and an average price target of $107.75.

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.