Diversify Wealth Management LLC Acquires 1,195 Shares of CRH plc (NYSE:CRH)

Diversify Wealth Management LLC increased its holdings in CRH plc (NYSE:CRH) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,265 shares of the construction company’s stock after buying an additional 1,195 shares during the period. Diversify Wealth Management LLC’s holdings in CRH were worth $1,034,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC lifted its holdings in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after buying an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after acquiring an additional 4,274,336 shares during the period. Bank of Montreal Can grew its stake in CRH by 173.0% during the second quarter. Bank of Montreal Can now owns 2,128,963 shares of the construction company’s stock valued at $160,183,000 after acquiring an additional 1,349,023 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in CRH during the 2nd quarter worth approximately $86,830,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock opened at $97.69 on Tuesday. CRH plc has a fifty-two week low of $68.15 and a fifty-two week high of $104.23. The stock’s 50 day simple moving average is $97.37 and its two-hundred day simple moving average is $90.77. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.31.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

CRH has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.