Aaron Wealth Advisors LLC Takes Position in CRH plc (NYSE:CRH)

Aaron Wealth Advisors LLC acquired a new stake in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,228 shares of the construction company’s stock, valued at approximately $206,000.

Several other hedge funds also recently bought and sold shares of CRH. Arkadios Wealth Advisors grew its stake in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares during the period. Grove Bank & Trust grew its position in shares of CRH by 9.5% in the 3rd 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 during the period. 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 worth $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC raised its holdings in CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in CRH by 2.9% in the third 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. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

CRH opened at $99.20 on Wednesday. CRH plc has a 52-week low of $68.15 and a 52-week high of $104.23. The business’s fifty day moving average is $97.28 and its 200-day moving average is $90.94. The firm has a market cap of $67.38 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31.

CRH Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. Morgan Stanley upped their price objective 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 raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price 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 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 stock. According to MarketBeat.com, CRH presently has a consensus rating of “Buy” and a consensus target price of $107.75.

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.