Bruce G. Allen Investments LLC Has $42,000 Position in CRH plc (NYSE:CRH)

Bruce G. Allen Investments LLC decreased its holdings in shares of CRH plc (NYSE:CRH) by 37.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459 shares of the construction company’s stock after selling 278 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in CRH were worth $42,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. GHP Investment Advisors Inc. boosted its stake in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Deseret Mutual Benefit Administrators bought a new stake in shares of CRH in the third quarter valued at about $25,000. UMB Bank n.a. increased its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new stake in CRH in the 3rd quarter worth about $35,000. Finally, Baillie Gifford & Co. boosted its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the period. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. Morgan Stanley increased their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $107.75.

CRH Trading Down 0.9 %

NYSE:CRH traded down $0.85 during mid-day trading on Friday, hitting $91.66. 2,976,663 shares of the company’s stock were exchanged, compared to its average volume of 2,958,248. CRH plc has a fifty-two week low of $66.42 and a fifty-two week high of $104.23. The company has a 50 day simple moving average of $97.84 and a 200-day simple moving average of $89.67. The firm has a market capitalization of $62.26 billion, a P/E ratio of 18.33, a PEG ratio of 1.25 and a beta of 1.31.

CRH Cuts Dividend

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

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.