Kathmere Capital Management LLC Has $1.25 Million Stake in CRH plc (NYSE:CRH)

Kathmere Capital Management LLC increased its stake in CRH plc (NYSE:CRH) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,543 shares of the construction company’s stock after acquiring an additional 763 shares during the quarter. Kathmere Capital Management LLC’s holdings in CRH were worth $1,253,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Deseret Mutual Benefit Administrators bought a new stake in CRH in the third quarter valued at $25,000. UMB Bank n.a. grew its stake 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 valued at $28,000 after buying an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH in the 3rd quarter valued at about $35,000. Baillie Gifford & Co. raised its stake in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the period. Finally, Quarry LP bought a new stake in shares of CRH during the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $92.66 on Wednesday. The firm has a market capitalization of $62.93 billion, a P/E ratio of 18.53, a PEG ratio of 1.24 and a beta of 1.29. CRH plc has a one year low of $66.42 and a one year high of $104.23. The business has a fifty day moving average price of $97.62 and a 200-day moving average price of $90.28.

CRH Cuts Dividend

The business also recently announced 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 currently 37.20%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH 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.