Captrust Financial Advisors Acquires 1,091 Shares of CRH plc (NYSE:CRH)

Captrust Financial Advisors increased its holdings in shares of CRH plc (NYSE:CRH) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,958 shares of the construction company’s stock after buying an additional 1,091 shares during the quarter. Captrust Financial Advisors’ holdings in CRH were worth $738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Grove Bank & Trust lifted its holdings in shares of CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares during the last quarter. UMB Bank n.a. lifted its stake in CRH by 72.7% in the 3rd 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 during the last quarter. CVA Family Office LLC lifted its stake in CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRH. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. HSBC began coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CRH currently has a consensus rating of “Buy” and a consensus target price of $106.42.

CRH Trading Down 1.2 %

Shares of CRH stock opened at $98.85 on Wednesday. The company has a market cap of $67.14 billion, a P/E ratio of 19.77, a PEG ratio of 1.30 and a beta of 1.29. The business has a 50-day moving average price of $96.58 and a two-hundred day moving average price of $87.24. CRH plc has a 1-year low of $65.06 and a 1-year high of $104.23.

CRH Cuts Dividend

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