CRH plc (NYSE:CRH) Shares Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 38.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,709 shares of the construction company’s stock after purchasing an additional 17,796 shares during the quarter. Stratos Investment Management LLC’s holdings in CRH were worth $5,894,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in shares of CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after acquiring an additional 5,889 shares during the period. Merit Financial Group LLC increased its position in CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Nordea Investment Management AB raised its stake in CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the period. Tidal Investments LLC boosted its holdings in shares of CRH by 168.7% in the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 13,868 shares during the last quarter. Finally, Transform Wealth LLC grew its stake in shares of CRH by 10.9% during the 4th quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock valued at $11,633,000 after buying an additional 12,363 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $107.75.

CRH Trading Up 1.4 %

CRH stock opened at $98.66 on Wednesday. The stock’s 50 day simple moving average is $97.12 and its 200 day simple moving average is $92.43. CRH plc has a 12-month low of $71.18 and a 12-month high of $104.23. The firm has a market cap of $67.01 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.08 and a beta of 1.30.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is currently 21.00%.

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.