Covestor Ltd Purchases New Shares in CRH plc (NYSE:CRH)

Covestor Ltd purchased a new stake in CRH plc (NYSE:CRH) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 627 shares of the construction company’s stock, valued at approximately $58,000.

Other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Deseret Mutual Benefit Administrators bought a new stake in CRH in the 3rd quarter valued at $25,000. UMB Bank n.a. boosted its stake in CRH by 72.7% in 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 during the period. Rothschild Investment LLC acquired a new position in CRH in the 2nd quarter valued at $43,000. Finally, Quarry LP acquired a new position in CRH in the 2nd quarter valued at $49,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of several analyst reports. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday. Finally, HSBC assumed coverage on CRH in a report on Monday. They set a “buy” rating and a $116.00 price target for the company. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $105.55.

CRH Stock Up 0.7 %

Shares of CRH opened at $99.89 on Friday. CRH plc has a 12-month low of $58.57 and a 12-month high of $102.51. The business has a 50-day simple moving average of $92.20 and a two-hundred day simple moving average of $84.62. The stock has a market cap of $68.19 billion, a PE ratio of 19.84, a PEG ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given 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 dividend payout ratio (DPR) is presently 32.00%.

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.