GAMMA Investing LLC Buys 215 Shares of CRH plc (NYSE:CRH)

GAMMA Investing LLC boosted its stake in shares of CRH plc (NYSE:CRH) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,506 shares of the construction company’s stock after buying an additional 215 shares during the period. GAMMA Investing LLC’s holdings in CRH were worth $139,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its holdings in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after acquiring an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in CRH during the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% during 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 in the last quarter. Meeder Asset Management Inc. purchased a new position in CRH in the third quarter worth about $35,000. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% in 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. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $107.75.

CRH Stock Performance

Shares of CRH stock opened at $92.37 on Friday. CRH plc has a one year low of $66.42 and a one year high of $104.23. The company has a market capitalization of $62.74 billion, a PE ratio of 18.47, a P/E/G ratio of 1.25 and a beta of 1.31. The company has a 50-day simple moving average of $97.84 and a two-hundred day simple moving average of $89.67.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were paid a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is presently 21.00%.

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.