Transform Wealth LLC Has $11.63 Million Holdings in CRH plc (NYSE:CRH)

Transform Wealth LLC boosted its holdings in CRH plc (NYSE:CRH) by 10.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 125,736 shares of the construction company’s stock after acquiring an additional 12,363 shares during the period. Transform Wealth LLC’s holdings in CRH were worth $11,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the third quarter worth approximately $25,000. UMB Bank n.a. grew 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 buying an additional 125 shares in the last quarter. Meeder Asset Management Inc. bought a new position in CRH during the 3rd quarter worth $35,000. Baillie Gifford & Co. raised 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 acquiring an additional 162 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of CRH during the 2nd quarter valued at $49,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup decreased their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Truist Financial lifted their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $107.75.

CRH Stock Up 2.2 %

NYSE CRH opened at $97.69 on Tuesday. The company has a market cap of $66.35 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. CRH plc has a twelve month low of $68.15 and a twelve month high of $104.23. The business’s fifty day moving average is $97.28 and its 200 day moving average is $90.94.

CRH Cuts Dividend

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