Caprock Group LLC Acquires 226 Shares of CRH plc (NYSE:CRH)

Caprock Group LLC lifted its holdings in CRH plc (NYSE:CRH) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,769 shares of the construction company’s stock after purchasing an additional 226 shares during the period. Caprock Group LLC’s holdings in CRH were worth $1,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH in the third quarter valued at about $25,000. UMB Bank n.a. grew its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of CRH during the 3rd quarter worth approximately $35,000. Baillie Gifford & Co. raised its stake in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Covestor Ltd acquired a new stake in shares of CRH in the 3rd quarter valued at approximately $58,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH stock opened at $99.15 on Monday. CRH plc has a 52-week low of $71.18 and a 52-week high of $104.23. The stock has a market cap of $67.34 billion, a PE ratio of 19.83, a PEG ratio of 1.08 and a beta of 1.31. The firm has a 50-day moving average of $97.23 and a 200-day moving average of $92.23.

CRH Cuts Dividend

The firm 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 of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is presently 21.00%.

Wall Street Analyst Weigh In

CRH has been the topic of several analyst reports. Truist Financial upped their price target on shares of 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 shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. DA Davidson raised their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the stock 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, CRH has an average rating of “Buy” and a consensus price target of $107.75.

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.