SG Americas Securities LLC Buys 338,699 Shares of CRH plc (NYSE:CRH)

SG Americas Securities LLC raised its holdings in CRH plc (NYSE:CRH) by 404.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 422,413 shares of the construction company’s stock after buying an additional 338,699 shares during the period. SG Americas Securities LLC owned about 0.06% of CRH worth $39,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arkadios Wealth Advisors raised its stake in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the period. Grove Bank & Trust raised its stake in CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after buying an additional 123 shares during the period. UMB Bank n.a. raised its stake in CRH by 72.7% in the third 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. CVA Family Office LLC raised its stake in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after buying an additional 128 shares during the period. Finally, Lindbrook Capital LLC raised its stake in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $100.36 on Thursday. The company has a market capitalization of $68.17 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.06 and a beta of 1.31. CRH plc has a 1 year low of $68.15 and a 1 year high of $104.23. The business’s 50 day simple moving average is $97.26 and its 200 day simple moving average is $91.12.

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, HSBC started coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One 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 data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $107.75.

CRH Company 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.