CRH plc (NYSE:CRH) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 1,814.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,666 shares of the construction company’s stock after purchasing an additional 1,579 shares during the quarter. Larson Financial Group LLC’s holdings in CRH were worth $155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Swedbank AB grew its stake in shares of CRH by 68.7% during the 3rd quarter. Swedbank AB now owns 170,442 shares of the construction company’s stock worth $15,807,000 after purchasing an additional 69,418 shares during the period. Pitcairn Co. boosted its position in shares of CRH by 116.8% in the 3rd quarter. Pitcairn Co. now owns 5,963 shares of the construction company’s stock worth $553,000 after buying an additional 3,212 shares in the last quarter. Algert Global LLC purchased a new stake in shares of CRH in the 3rd quarter worth about $4,392,000. Cerity Partners LLC boosted its position in shares of CRH by 206.7% in the 3rd quarter. Cerity Partners LLC now owns 118,367 shares of the construction company’s stock worth $10,977,000 after buying an additional 79,773 shares in the last quarter. Finally, Camden National Bank purchased a new stake in shares of CRH in the 3rd quarter worth about $360,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the topic of several recent research reports. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $106.42.

CRH Price Performance

Shares of CRH stock opened at $101.94 on Friday. The firm has a market cap of $69.24 billion, a P/E ratio of 20.39, a PEG ratio of 1.30 and a beta of 1.29. CRH plc has a 1-year low of $61.51 and a 1-year high of $104.19. The firm’s 50-day simple moving average is $95.18 and its 200-day simple moving average is $86.18.

CRH Cuts Dividend

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

CRH 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.