Stansberry Asset Management LLC Sells 908 Shares of CRH plc (NYSE:CRH)

Stansberry Asset Management LLC reduced its stake in CRH plc (NYSE:CRH) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,591 shares of the construction company’s stock after selling 908 shares during the quarter. Stansberry Asset Management LLC’s holdings in CRH were worth $8,772,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its position in shares of CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of CRH during the 3rd quarter worth approximately $35,000. Finally, Baillie Gifford & Co. boosted its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 0.8 %

Shares of NYSE CRH opened at $103.35 on Thursday. The company has a market capitalization of $70.20 billion, a PE ratio of 20.67, a P/E/G ratio of 1.29 and a beta of 1.29. The firm has a fifty day simple moving average of $96.03 and a 200 day simple moving average of $86.75. CRH plc has a twelve month low of $62.80 and a twelve month high of $104.19.

CRH Cuts Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Truist Financial raised their price target 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. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” 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 note on Monday, November 11th. One equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $106.42.

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.