Icon Wealth Advisors LLC Acquires 81,594 Shares of CRH plc (NYSE:CRH)

Icon Wealth Advisors LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 2,316.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,117 shares of the construction company’s stock after buying an additional 81,594 shares during the quarter. Icon Wealth Advisors LLC’s holdings in CRH were worth $7,894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CRH. Lazard Asset Management LLC grew its holdings in CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after purchasing an additional 5,068,682 shares during the period. Legal & General Group Plc boosted its position in shares of CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after purchasing an additional 4,825,752 shares in the last quarter. American Century Companies Inc. grew its stake in shares of CRH by 103.9% in the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares during the period. LGT Group Foundation increased its position in CRH by 8,189.3% in the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after buying an additional 1,580,527 shares in the last quarter. Finally, Baupost Group LLC MA raised its stake in CRH by 56.0% during the 2nd quarter. Baupost Group LLC MA now owns 4,226,602 shares of the construction company’s stock worth $316,911,000 after buying an additional 1,517,059 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.3 %

Shares of NYSE CRH opened at $100.53 on Friday. The company has a market capitalization of $68.28 billion, a PE ratio of 20.11, a PEG ratio of 1.46 and a beta of 1.29. The stock’s 50 day moving average price is $93.93 and its 200-day moving average price is $85.46. CRH plc has a twelve month low of $60.83 and a twelve month high of $102.51.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio is currently 32.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRH shares. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One 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. According to MarketBeat, CRH has a consensus rating of “Buy” and an average price target of $106.42.

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.