GSA Capital Partners LLP Buys 13,479 Shares of CRH plc (NYSE:CRH)

GSA Capital Partners LLP increased its stake in shares of CRH plc (NYSE:CRH) by 284.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,220 shares of the construction company’s stock after acquiring an additional 13,479 shares during the quarter. GSA Capital Partners LLP’s holdings in CRH were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Waverton Investment Management Ltd bought a new position in CRH during the 3rd quarter worth approximately $313,000. Stockman Wealth Management Inc. grew its position in CRH by 0.9% during the 3rd quarter. Stockman Wealth Management Inc. now owns 125,113 shares of the construction company’s stock worth $11,603,000 after acquiring an additional 1,146 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in CRH during the 3rd quarter worth approximately $483,000. Legacy Capital Wealth Partners LLC bought a new position in CRH during the 3rd quarter worth approximately $212,000. Finally, Sigma Planning Corp grew its position in shares of CRH by 5.5% in the 3rd quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock worth $402,000 after buying an additional 227 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRH shares. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Monday. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, HSBC began coverage on CRH in a research report on Monday. They set a “buy” rating and a $116.00 price target on the stock. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.55.

CRH Trading Down 2.1 %

Shares of NYSE:CRH opened at $100.15 on Wednesday. The stock has a fifty day simple moving average of $91.68 and a two-hundred day simple moving average of $84.37. The stock has a market capitalization of $68.37 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.44 and a beta of 1.29. CRH plc has a 12-month low of $58.57 and a 12-month high of $102.51.

CRH Cuts Dividend

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

CRH 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.