CRH plc (NYSE:CRH) Position Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of CRH plc (NYSE:CRH) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,990 shares of the construction company’s stock after purchasing an additional 2,143 shares during the period. Ritholtz Wealth Management’s holdings in CRH were worth $4,440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Victory Capital Management Inc. bought a new stake in CRH during the second quarter worth approximately $206,000. Federated Hermes Inc. increased its holdings in shares of CRH by 3.4% in the second quarter. Federated Hermes Inc. now owns 76,087 shares of the construction company’s stock valued at $5,705,000 after buying an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CRH by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,099,866 shares of the construction company’s stock valued at $157,365,000 after buying an additional 100,038 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of CRH by 24.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 20,431 shares of the construction company’s stock valued at $1,532,000 after buying an additional 4,050 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of CRH in the second quarter valued at $714,000. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CRH. Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. Barclays initiated coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. Finally, Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Stock Down 0.1 %

CRH stock opened at $95.62 on Friday. The stock has a market cap of $64.95 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.00 and a beta of 1.31. CRH plc has a 12 month low of $66.42 and a 12 month high of $104.23. The company’s fifty day simple moving average is $97.53 and its 200-day simple moving average is $90.31.

CRH Cuts Dividend

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

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.