Sigma Planning Corp Buys 227 Shares of CRH plc (NYSE:CRH)

Sigma Planning Corp raised its stake in shares of CRH plc (NYSE:CRH) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,338 shares of the construction company’s stock after acquiring an additional 227 shares during the period. Sigma Planning Corp’s holdings in CRH were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CRH. Cetera Advisors LLC bought a new position in shares of CRH during the first quarter valued at about $1,277,000. LGT Group Foundation boosted its stake in shares of CRH by 8,189.3% in the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after buying an additional 1,580,527 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of CRH by 35.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock worth $317,778,000 after buying an additional 1,114,177 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of CRH by 286.4% in the first quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock valued at $4,671,000 after acquiring an additional 40,135 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of CRH by 2.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 163,733 shares of the construction company’s stock valued at $14,115,000 after acquiring an additional 3,220 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the topic of several research analyst reports. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley increased their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CRH has a consensus rating of “Buy” and an average target price of $105.55.

CRH Price Performance

NYSE:CRH opened at $98.32 on Friday. CRH plc has a 1 year low of $58.57 and a 1 year high of $102.51. The stock’s fifty day moving average price is $92.51 and its two-hundred day moving average price is $84.73. The company has a market cap of $67.12 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be paid a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio is currently 37.20%.

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.