CRH plc (NYSE:CRH) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in shares of CRH plc (NYSE:CRH) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,631 shares of the construction company’s stock after acquiring an additional 489 shares during the period. Coldstream Capital Management Inc.’s holdings in CRH were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in CRH by 26.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,398 shares of the construction company’s stock valued at $630,000 after purchasing an additional 1,747 shares in the last quarter. Swedbank AB purchased a new position in shares of CRH in the second quarter valued at $7,575,000. Blue Trust Inc. raised its stake in shares of CRH by 341.7% during the 2nd quarter. Blue Trust Inc. now owns 848 shares of the construction company’s stock worth $64,000 after buying an additional 656 shares during the last quarter. Raymond James & Associates boosted its position in shares of CRH by 11.9% in the 2nd quarter. Raymond James & Associates now owns 387,778 shares of the construction company’s stock worth $29,076,000 after buying an additional 41,308 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in CRH in the 2nd quarter valued at about $1,824,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $97.92 on Monday. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.25 and a beta of 1.29. The firm has a 50 day moving average price of $97.30 and a 200 day moving average price of $87.75. CRH plc has a 1 year low of $65.74 and a 1 year high of $104.23.

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 issued a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is 21.00%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRH. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Truist Financial raised 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. JPMorgan Chase & Co. upped their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. One 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 MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.