CRH plc (NYSE:CRH) Position Boosted by Caprock Group LLC

Caprock Group LLC lifted its stake in CRH plc (NYSE:CRH) by 82.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,543 shares of the construction company’s stock after purchasing an additional 5,669 shares during the quarter. Caprock Group LLC’s holdings in CRH were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Grove Bank & Trust lifted its position in CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after buying an additional 123 shares in the last quarter. UMB Bank n.a. grew its stake in CRH by 72.7% in the third 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 in the last quarter. CVA Family Office LLC increased its position in CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $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% 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 in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.3 %

NYSE:CRH opened at $100.53 on Friday. The stock has a market capitalization of $68.28 billion, a PE ratio of 20.11, a P/E/G ratio of 1.46 and a beta of 1.29. CRH plc has a 1-year low of $60.83 and a 1-year high of $102.51. The firm has a fifty day simple moving average of $93.93 and a 200 day simple moving average of $85.46.

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 issued a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 32.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRH. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Finally, DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $106.42.

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.