Janney Montgomery Scott LLC Acquires 1,199 Shares of CRH plc (NYSE:CRH)

Janney Montgomery Scott LLC raised its holdings in shares of CRH plc (NYSE:CRH) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 53,356 shares of the construction company’s stock after buying an additional 1,199 shares during the period. Janney Montgomery Scott LLC’s holdings in CRH were worth $4,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Arkadios Wealth Advisors raised its holdings in CRH by 4.9% during 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 raised its holdings in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. raised its holdings in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. CVA Family Office LLC increased its holdings in shares of CRH by 2.1% in the third 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. Finally, Lindbrook Capital LLC increased its holdings in shares of CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRH. DA Davidson lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $107.75.

CRH Price Performance

Shares of NYSE:CRH opened at $99.04 on Thursday. CRH plc has a 1 year low of $70.83 and a 1 year high of $104.23. The business has a 50 day simple moving average of $97.31 and a two-hundred day simple moving average of $91.92. The firm has a market capitalization of $67.27 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31.

CRH Cuts Dividend

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

CRH 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.