CRH plc (NYSE:CRH) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 22.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,557 shares of the construction company’s stock after purchasing an additional 5,889 shares during the quarter. Park Avenue Securities LLC’s holdings in CRH were worth $3,012,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kathmere Capital Management LLC increased its position in shares of CRH by 6.0% in the fourth quarter. Kathmere Capital Management LLC now owns 13,543 shares of the construction company’s stock worth $1,253,000 after acquiring an additional 763 shares in the last quarter. Rockland Trust Co. purchased a new stake in CRH during the 4th quarter worth $230,000. Pallas Capital Advisors LLC acquired a new stake in CRH in the 4th quarter valued at $246,000. Miracle Mile Advisors LLC acquired a new stake in CRH in the 4th quarter valued at $235,000. Finally, Graypoint LLC raised its position in CRH by 5.4% in the fourth quarter. Graypoint LLC now owns 3,315 shares of the construction company’s stock valued at $307,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CRH shares. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $107.75.

CRH Stock Down 0.1 %

Shares of CRH stock opened at $95.62 on Friday. The business has a 50-day moving average price of $97.53 and a 200 day moving average price of $90.31. CRH plc has a fifty-two week low of $66.42 and a fifty-two week high of $104.23. The firm has a market cap of $64.95 billion, a P/E ratio of 19.12, a P/E/G 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 given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio is currently 21.00%.

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.