CWA Asset Management Group LLC Takes $498,000 Position in CRH plc (NYSE:CRH)

CWA Asset Management Group LLC purchased a new position in CRH plc (NYSE:CRH) 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 Performance

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.

CRH Cuts Dividend

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%.

Analyst Upgrades and Downgrades

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.

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.