CRH plc (NYSE:CRH) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in CRH plc (NYSE:CRH) by 206.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,367 shares of the construction company’s stock after acquiring an additional 79,773 shares during the quarter. Cerity Partners LLC’s holdings in CRH were worth $10,977,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Dupont Capital Management Corp acquired a new position in shares of CRH during the first quarter valued at approximately $13,492,000. B. Riley Wealth Advisors Inc. raised its stake in CRH by 29.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,361 shares of the construction company’s stock valued at $807,000 after purchasing an additional 2,115 shares during the last quarter. Advisory Resource Group lifted its holdings in CRH by 10.5% in the 1st quarter. Advisory Resource Group now owns 11,683 shares of the construction company’s stock valued at $1,008,000 after purchasing an additional 1,110 shares in the last quarter. Virtu Financial LLC boosted its stake in CRH by 621.0% during the 1st quarter. Virtu Financial LLC now owns 53,286 shares of the construction company’s stock worth $4,596,000 after purchasing an additional 45,895 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of CRH by 161.7% during the first quarter. Atria Investments Inc now owns 56,665 shares of the construction company’s stock worth $4,888,000 after buying an additional 35,009 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRH shares. DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. HSBC assumed coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $106.42.

CRH Stock Up 0.1 %

NYSE:CRH opened at $102.87 on Wednesday. CRH plc has a 52 week low of $61.51 and a 52 week high of $103.64. The stock’s fifty day moving average is $94.76 and its two-hundred day moving average is $85.96. The stock has a market capitalization of $69.87 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be issued a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is 37.20%.

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.