Empowered Funds LLC Has $4.91 Million Position in CRH plc (NYSE:CRH)

Empowered Funds LLC grew its holdings in CRH plc (NYSE:CRH) by 397.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,932 shares of the construction company’s stock after buying an additional 42,302 shares during the quarter. Empowered Funds LLC’s holdings in CRH were worth $4,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CRH. Dupont Capital Management Corp bought a new position in CRH in the first quarter valued at about $13,492,000. Blair William & Co. IL acquired a new stake in shares of CRH during the first quarter worth about $290,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in CRH by 2.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 163,733 shares of the construction company’s stock worth $14,115,000 after buying an additional 3,220 shares during the period. O Shaughnessy Asset Management LLC lifted its position in CRH by 17.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 103,098 shares of the construction company’s stock valued at $8,893,000 after acquiring an additional 15,283 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in CRH by 83.7% during the 1st quarter. Bessemer Group Inc. now owns 3,431,941 shares of the construction company’s stock worth $296,037,000 after acquiring an additional 1,563,684 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CRH shares. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. DA Davidson upped their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, HSBC assumed 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. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $105.55.

CRH Stock Performance

Shares of NYSE CRH opened at $98.29 on Monday. The stock has a market cap of $66.76 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.43 and a beta of 1.29. CRH plc has a fifty-two week low of $58.57 and a fifty-two week high of $102.51. The firm’s 50-day simple moving average is $92.77 and its 200 day simple moving average is $84.97.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is presently 32.00%.

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.