Geller Advisors LLC Takes Position in CRH plc (NYSE:CRH)

Geller Advisors LLC purchased a new position in shares of CRH plc (NYSE:CRH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,019 shares of the construction company’s stock, valued at approximately $929,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its stake in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in CRH in the 3rd quarter valued at $25,000. UMB Bank n.a. increased its stake in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of CRH during the third quarter worth $35,000. Finally, Baillie Gifford & Co. raised its position in shares of CRH by 70.7% during 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. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 0.2 %

Shares of NYSE:CRH opened at $103.00 on Monday. CRH plc has a 12-month low of $62.80 and a 12-month high of $104.23. The company’s 50 day moving average price is $96.43 and its two-hundred day moving average price is $87.10. The firm has a market cap of $69.96 billion, a PE ratio of 20.60, a PEG ratio of 1.30 and a beta of 1.29.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial boosted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley lifted 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. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CRH has an average rating of “Buy” and a consensus 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.