5,000 Shares in CRH plc (NYSE:CRH) Bought by Horizons Wealth Management

Horizons Wealth Management acquired a new position in shares of CRH plc (NYSE:CRHFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the construction company’s stock, valued at approximately $463,000.

Several other hedge funds also recently modified their holdings of the stock. Grove Bank & Trust boosted its holdings in CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC increased its stake in CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares in the last quarter. Lindbrook Capital LLC raised its holdings in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report 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 price target on the stock. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday. Finally, DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $107.75.

Read Our Latest Report on CRH

CRH Stock Up 0.3 %

NYSE:CRH opened at $93.49 on Tuesday. CRH plc has a twelve month low of $66.42 and a twelve month high of $104.23. The stock has a market cap of $63.50 billion, a P/E ratio of 18.70, a PEG ratio of 1.25 and a beta of 1.31. The business’s 50-day moving average price is $98.02 and its two-hundred day moving average price is $89.52.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were paid a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio is presently 21.00%.

CRH Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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