CENTRAL TRUST Co Increases Stock Holdings in CRH plc (NYSE:CRH)

CENTRAL TRUST Co boosted its stake in CRH plc (NYSE:CRH) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,129 shares of the construction company’s stock after acquiring an additional 3,126 shares during the quarter. CENTRAL TRUST Co’s holdings in CRH were worth $2,325,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH during the third quarter worth $25,000. UMB Bank n.a. increased its stake in 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 buying an additional 125 shares during the period. Heck Capital Advisors LLC acquired a new position in CRH in the 4th quarter worth $32,000. Meeder Asset Management Inc. purchased a new position in CRH in the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. grew its stake in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Hsbc Global Res raised CRH to a “strong-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 stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley upped their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus price target of $107.75.

CRH Stock Down 0.6 %

Shares of NYSE CRH opened at $99.15 on Monday. The firm’s 50-day moving average price is $97.23 and its two-hundred day moving average price is $92.23. CRH plc has a 52-week low of $71.18 and a 52-week high of $104.23. The stock has a market capitalization of $67.34 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.08 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 issued a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is 21.00%.

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.