Benjamin Edwards Inc. Has $1.54 Million Position in CRH plc (NYSE:CRH)

Benjamin Edwards Inc. raised its stake in shares of CRH plc (NYSE:CRH) by 61.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,561 shares of the construction company’s stock after purchasing an additional 6,335 shares during the period. Benjamin Edwards Inc.’s holdings in CRH were worth $1,536,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers grew its position in shares of CRH by 286.4% in the first quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock valued at $4,671,000 after purchasing an additional 40,135 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of CRH during the first quarter worth approximately $1,277,000. Csenge Advisory Group boosted its position in shares of CRH by 5.8% in the second quarter. Csenge Advisory Group now owns 4,790 shares of the construction company’s stock valued at $359,000 after acquiring an additional 262 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of CRH in the second quarter worth $5,178,000. Finally, Sax Wealth Advisors LLC bought a new position in CRH during the second quarter worth $248,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of research reports. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley lifted their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $106.42.

CRH Stock Performance

Shares of NYSE CRH opened at $102.83 on Friday. CRH plc has a 52-week low of $62.80 and a 52-week high of $104.23. The business has a fifty day moving average of $96.22 and a two-hundred day moving average of $86.87. The stock has a market cap of $69.84 billion, a PE ratio of 20.57, a PEG ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The company 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 yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 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.