Lindbrook Capital LLC Raises Stake in CRH plc (NYSE:CRH)

Lindbrook Capital LLC boosted its holdings in CRH plc (NYSE:CRH) by 2.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,815 shares of the construction company’s stock after purchasing an additional 135 shares during the quarter. Lindbrook Capital LLC’s holdings in CRH were worth $447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Advisors LLC bought a new position in CRH during the 1st quarter valued at approximately $1,277,000. SG Americas Securities LLC grew its position in CRH by 510.9% during the 1st quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock valued at $1,963,000 after purchasing an additional 19,027 shares during the last quarter. LGT Group Foundation increased its stake in CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after purchasing an additional 1,580,527 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in CRH by 35.7% in the second quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock worth $317,778,000 after buying an additional 1,114,177 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of CRH by 286.4% during the first quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock valued at $4,671,000 after buying an additional 40,135 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRH. DA Davidson boosted their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Truist Financial lifted 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 Friday. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.90.

CRH Price Performance

NYSE:CRH opened at $100.67 on Friday. The stock has a 50-day simple moving average of $91.44 and a two-hundred day simple moving average of $84.11. CRH plc has a 52-week low of $58.12 and a 52-week high of $102.45.

CRH (NYSE:CRH) last released its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. As a group, equities analysts predict that CRH plc will post 5.41 earnings per share for the current year.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%.

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.