Transamerica Financial Advisors Inc. Has $603,000 Position in CRH plc (NYSE:CRH)

Transamerica Financial Advisors Inc. grew its holdings in CRH plc (NYSE:CRH) by 60.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,497 shares of the construction company’s stock after purchasing an additional 2,444 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in CRH were worth $603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRH. FMR LLC grew its position in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after buying an additional 4,825,752 shares during the period. American Century Companies Inc. lifted its stake in shares of CRH by 103.9% in the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares during the period. LGT Group Foundation lifted its stake in shares of CRH by 8,189.3% in the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after buying an additional 1,580,527 shares during the period. Finally, Baupost Group LLC MA lifted its stake in shares of CRH by 56.0% in the second quarter. Baupost Group LLC MA now owns 4,226,602 shares of the construction company’s stock valued at $316,911,000 after buying an additional 1,517,059 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.1 %

NYSE:CRH opened at $102.87 on Wednesday. CRH plc has a 1 year low of $61.51 and a 1 year high of $103.64. The firm has a 50 day moving average of $94.76 and a 200-day moving average of $85.96. The stock has a market capitalization of $69.87 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.30 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. Stockholders of record on Friday, November 22nd will be paid a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 37.20%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRH. Truist Financial increased their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Buy” and an average target price of $106.42.

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.