Assetmark Inc. Buys 361 Shares of CRH plc (NYSE:CRH)

Assetmark Inc. lifted its stake in CRH plc (NYSE:CRH) by 29.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,598 shares of the construction company’s stock after buying an additional 361 shares during the period. Assetmark Inc.’s holdings in CRH were worth $148,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Greenhaven Associates Inc. lifted its stake in CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after purchasing an additional 35,209 shares during the period. Bank of New York Mellon Corp lifted its stake in CRH by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after purchasing an additional 431,172 shares during the period. Lazard Asset Management LLC lifted its stake in CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after purchasing an additional 5,068,682 shares during the period. Legal & General Group Plc lifted its stake in CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after purchasing an additional 4,825,752 shares during the period. Finally, American Century Companies Inc. lifted its stake in CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after purchasing an additional 2,365,589 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $98.29 on Monday. The firm has a market cap of $66.76 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.43 and a beta of 1.29. The firm has a 50 day simple moving average of $92.77 and a 200 day simple moving average of $84.97. CRH plc has a fifty-two week low of $58.57 and a fifty-two week high of $102.51.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be issued a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is currently 32.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CRH shares. Morgan Stanley lifted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, DA Davidson lifted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CRH has an average rating of “Buy” and a consensus price target of $105.55.

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.