Crossmark Global Holdings Inc. Takes $483,000 Position in CRH plc (NYSE:CRH)

Crossmark Global Holdings Inc. bought a new position in shares of CRH plc (NYSE:CRH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,211 shares of the construction company’s stock, valued at approximately $483,000.

A number of other hedge funds have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC acquired a new stake in shares of CRH during the third quarter worth $212,000. Sigma Planning Corp lifted its position in CRH by 5.5% during the third quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock worth $402,000 after buying an additional 227 shares during the period. Covestor Ltd acquired a new stake in CRH in the 3rd quarter worth about $58,000. Atria Investments Inc grew its holdings in CRH by 11.9% in the 3rd quarter. Atria Investments Inc now owns 66,782 shares of the construction company’s stock valued at $6,193,000 after buying an additional 7,084 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of several research analyst reports. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Morgan Stanley upped their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $105.55.

CRH Stock Down 1.6 %

NYSE CRH opened at $98.29 on Friday. CRH plc has a fifty-two week low of $58.57 and a fifty-two week high of $102.51. The business has a 50 day moving average price of $92.77 and a two-hundred day moving average price of $84.86. The stock has a market cap of $67.10 billion, a PE ratio of 19.66, a P/E/G ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 37.20%.

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.