Hollow Brook Wealth Management LLC Acquires 1,450 Shares of CRH plc (NYSE:CRH)

Hollow Brook Wealth Management LLC grew its holdings in shares of CRH plc (NYSE:CRH) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,849 shares of the construction company’s stock after buying an additional 1,450 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in CRH were worth $2,675,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. FMR LLC grew its stake in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. Legal & General Group Plc lifted its holdings in CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after purchasing an additional 4,825,752 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CRH by 515.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after purchasing an additional 4,274,336 shares during the period. American Century Companies Inc. grew its holdings in CRH by 103.9% in the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares in the last quarter. Finally, LGT Group Foundation lifted its holdings in shares of CRH by 8,189.3% during the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after buying an additional 1,580,527 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.6 %

Shares of CRH stock opened at $102.93 on Monday. CRH plc has a 1-year low of $62.80 and a 1-year high of $104.19. The stock has a market cap of $69.91 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.29 and a beta of 1.29. The stock has a 50-day moving average of $95.37 and a 200-day moving average of $86.35.

CRH Cuts Dividend

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

Analysts Set New Price Targets

CRH has been the topic of several research reports. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $106.42.

CRH Company 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.