CRH plc (NYSE:CRH) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in CRH plc (NYSE:CRH) by 31.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,229 shares of the construction company’s stock after acquiring an additional 2,660 shares during the quarter. TD Private Client Wealth LLC’s holdings in CRH were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its stake in shares of CRH by 336.4% in 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 period. Deseret Mutual Benefit Administrators acquired a new stake in CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. boosted its position in 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. acquired a new position in shares of CRH in the third quarter worth $35,000. Finally, Baillie Gifford & Co. increased 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 period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. HSBC began coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. 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 research note on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. One investment 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $106.42.

CRH Price Performance

Shares of CRH stock opened at $97.93 on Friday. The firm’s fifty day simple moving average is $97.30 and its 200-day simple moving average is $87.63. CRH plc has a 12 month low of $65.74 and a 12 month high of $104.23. The stock has a market capitalization of $66.51 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.25 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. Stockholders of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 37.20%.

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.