Blue Trust Inc. Boosts Position in CRH plc (NYSE:CRH)

Blue Trust Inc. boosted its holdings in shares of CRH plc (NYSE:CRH) by 47.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,206 shares of the construction company’s stock after buying an additional 1,360 shares during the quarter. Blue Trust Inc.’s holdings in CRH were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators purchased a new position in CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. raised its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of CRH during the 3rd quarter valued at approximately $35,000. Baillie Gifford & Co. increased its holdings in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of CRH during the 2nd quarter valued at approximately $49,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRH. 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. DA Davidson 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 Monday, November 11th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. 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, CRH has a consensus rating of “Buy” and an average price target of $107.75.

CRH Price Performance

Shares of NYSE:CRH opened at $99.15 on Friday. The firm has a market capitalization of $67.34 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31. The firm’s 50-day moving average is $97.23 and its two-hundred day moving average is $92.16. CRH plc has a 1 year low of $71.18 and a 1 year high of $104.23.

CRH Cuts Dividend

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