CRH plc (NYSE:CRH) Stake Boosted by Merit Financial Group LLC

Merit Financial Group LLC lifted its holdings in CRH plc (NYSE:CRHFree Report) by 31.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,253 shares of the construction company’s stock after purchasing an additional 5,610 shares during the period. Merit Financial Group LLC’s holdings in CRH were worth $2,151,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Park Avenue Securities LLC lifted its holdings in shares of CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after purchasing an additional 5,889 shares during the last quarter. Nordea Investment Management AB lifted its stake in CRH by 48.2% in the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after buying an additional 808,061 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after acquiring an additional 13,868 shares during the period. M&T Bank Corp grew its position in shares of CRH by 78.8% during the third quarter. M&T Bank Corp now owns 49,825 shares of the construction company’s stock worth $4,620,000 after acquiring an additional 21,962 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of CRH by 91.2% in the 3rd quarter. CWM LLC now owns 4,064 shares of the construction company’s stock worth $377,000 after acquiring an additional 1,938 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 2.2 %

CRH opened at $97.69 on Monday. The stock’s 50 day moving average price is $97.37 and its two-hundred day moving average price is $90.65. The firm has a market capitalization of $66.35 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. CRH plc has a 12-month low of $68.15 and a 12-month 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 paid a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 21.00%.

Analysts Set New Price Targets

Several research firms have commented on CRH. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $107.75.

Read Our Latest Research Report on CRH

CRH Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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