CWA Asset Management Group LLC purchased a new position in CRH plc (NYSE:CRH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,374 shares of the construction company's stock, valued at approximately $498,000.
A number of other large investors also recently bought and sold shares of CRH. Grove Bank & Trust increased its stake in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock valued at $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. raised its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares during the last quarter. CVA Family Office LLC boosted its holdings in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock worth $567,000 after acquiring an additional 128 shares in the last quarter. Gallacher Capital Management LLC grew its stake in shares of CRH by 3.2% in the second quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company's stock worth $450,000 after acquiring an additional 188 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of CRH by 10.3% during the third quarter. Farther Finance Advisors LLC now owns 2,172 shares of the construction company's stock valued at $201,000 after acquiring an additional 202 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
CRH stock opened at $102.31 on Tuesday. CRH plc has a one year low of $58.57 and a one year high of $102.51. The stock has a fifty day moving average of $91.44 and a 200 day moving average of $84.19. The stock has a market cap of $69.84 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29.
The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's payout ratio is currently 37.20%.
CRH has been the topic of a number of analyst reports. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday. Barclays began coverage on shares of CRH in a report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Monday. HSBC initiated coverage on CRH in a research note on Monday. They set a "buy" rating and a $116.00 target price on the stock. Finally, Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $105.55.
Read Our Latest Stock Analysis on 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.
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