GAMMA Investing LLC Has $139,000 Holdings in CRH plc (NYSE:CRH)

GAMMA Investing LLC grew its position in CRH plc (NYSE:CRHFree Report) by 16.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,506 shares of the construction company’s stock after acquiring an additional 215 shares during the period. GAMMA Investing LLC’s holdings in CRH were worth $139,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the period. Franklin Resources Inc. lifted its holdings in CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares during the period. State Street Corp lifted its holdings in CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after buying an additional 618,786 shares during the period. Greenhaven Associates Inc. increased its stake in shares of CRH by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after buying an additional 35,209 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of CRH by 2.1% in the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after buying an additional 165,825 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on CRH

CRH Trading Up 0.1 %

NYSE CRH opened at $92.37 on Friday. The firm has a market cap of $62.74 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. CRH plc has a 1-year low of $66.42 and a 1-year high of $104.23. The stock has a 50-day moving average of $97.84 and a 200-day moving average of $89.67.

CRH Cuts Dividend

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

CRH Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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