Stifel Financial Corp Has $9.74 Million Stock Holdings in CRH plc (NYSE:CRH)

Stifel Financial Corp lifted its holdings in shares of CRH plc (NYSE:CRH) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,969 shares of the construction company’s stock after purchasing an additional 10,136 shares during the quarter. Stifel Financial Corp’s holdings in CRH were worth $9,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. grew its position in shares of CRH by 6.1% in the second quarter. QRG Capital Management Inc. now owns 5,325 shares of the construction company’s stock valued at $399,000 after purchasing an additional 305 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in CRH by 26.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,398 shares of the construction company’s stock worth $630,000 after purchasing an additional 1,747 shares in the last quarter. Swedbank AB bought a new position in CRH during the second quarter worth about $7,575,000. Assenagon Asset Management S.A. boosted its holdings in CRH by 35.7% during the second quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock valued at $317,778,000 after purchasing an additional 1,114,177 shares in the last quarter. Finally, Benson Investment Management Company Inc. grew its stake in shares of CRH by 13.7% in the 2nd quarter. Benson Investment Management Company Inc. now owns 66,892 shares of the construction company’s stock valued at $5,016,000 after purchasing an additional 8,079 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 0.2 %

Shares of CRH stock opened at $98.65 on Thursday. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.30 and a beta of 1.29. CRH plc has a 12 month low of $65.06 and a 12 month high of $104.23. The stock has a 50-day moving average price of $96.74 and a 200 day moving average price of $87.36.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley raised their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CRH presently has a consensus rating of “Buy” and a consensus target price of $106.42.

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.