Kingswood Wealth Advisors LLC Has $1.54 Million Stake in CRH plc (NYSE:CRH)

Kingswood Wealth Advisors LLC boosted its stake in CRH plc (NYSE:CRH) by 50.7% during the 4th quarter, HoldingsChannel reports. The fund owned 16,690 shares of the construction company’s stock after acquiring an additional 5,615 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in CRH were worth $1,544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new stake in CRH in the third quarter valued at approximately $25,000. UMB Bank n.a. raised 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 valued at $28,000 after purchasing an additional 125 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of CRH during the 3rd quarter worth $35,000. Baillie Gifford & Co. lifted its holdings in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Quarry LP acquired a new stake in CRH in the second quarter valued at approximately $49,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

NYSE:CRH opened at $98.97 on Tuesday. The business has a 50 day moving average of $97.35 and a 200 day moving average of $91.65. CRH plc has a 1-year low of $69.91 and a 1-year high of $104.23. The company has a market capitalization of $67.22 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.09 and a beta of 1.31.

CRH Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRH shares. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Citigroup dropped their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised their price objective 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. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus price target of $107.75.

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.