5,566 Shares in CRH plc (NYSE:CRH) Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC purchased a new stake in shares of CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,566 shares of the construction company’s stock, valued at approximately $515,000.

Several other institutional investors have also bought and sold shares of CRH. James Hambro & Partners LLP purchased a new position in CRH in the fourth quarter worth about $926,000. KBC Group NV boosted its holdings in shares of CRH by 7.4% in the 4th quarter. KBC Group NV now owns 1,310,177 shares of the construction company’s stock worth $121,218,000 after purchasing an additional 89,955 shares during the period. Blue Trust Inc. increased its position in shares of CRH by 47.8% during the 4th quarter. Blue Trust Inc. now owns 4,206 shares of the construction company’s stock valued at $390,000 after purchasing an additional 1,360 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in CRH by 50.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 16,690 shares of the construction company’s stock valued at $1,544,000 after buying an additional 5,615 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its position in CRH by 4.3% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 30,744 shares of the construction company’s stock worth $2,844,000 after buying an additional 1,261 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price 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. Truist Financial raised 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. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. Finally, Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. 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’s stock. According to data from MarketBeat, CRH has an average rating of “Buy” and a consensus price target of $107.75.

CRH Stock Performance

NYSE CRH opened at $98.35 on Wednesday. The company has a market cap of $66.80 billion, a PE ratio of 19.67, a P/E/G ratio of 1.09 and a beta of 1.31. The firm’s 50 day moving average price is $97.34 and its 200-day moving average price is $91.79. CRH plc has a 52-week low of $69.91 and a 52-week high of $104.23.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Shareholders 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 yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 21.00%.

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.