Cox Capital Mgt LLC Increases Stock Holdings in CRH plc (NYSE:CRH)

Cox Capital Mgt LLC raised its stake in shares of CRH plc (NYSE:CRH) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,892 shares of the construction company’s stock after purchasing an additional 538 shares during the quarter. Cox Capital Mgt LLC’s holdings in CRH were worth $1,655,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the third quarter valued at about $25,000. UMB Bank n.a. boosted its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of CRH during the 3rd quarter worth approximately $35,000. Baillie Gifford & Co. raised its position in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of CRH in the 2nd quarter valued at approximately $49,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 1.2 %

Shares of CRH opened at $92.66 on Wednesday. The company has a market cap of $62.93 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.24 and a beta of 1.29. The business’s fifty day simple moving average is $97.62 and its two-hundred day simple moving average is $90.28. CRH plc has a 12 month low of $66.42 and a 12 month high of $104.23.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were issued a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a yield of 1.4%. CRH’s payout ratio is 37.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRH shares. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Truist Financial boosted their price objective 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. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH has an average rating of “Buy” and an average target price of $107.75.

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.