EverSource Wealth Advisors LLC Buys 2,685 Shares of CRH plc (NYSE:CRH)

EverSource Wealth Advisors LLC grew its holdings in CRH plc (NYSE:CRH) by 2.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,657 shares of the construction company’s stock after purchasing an additional 2,685 shares during the period. EverSource Wealth Advisors LLC’s holdings in CRH were worth $10,633,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRH. Greenhaven Associates Inc. raised its position in shares of CRH by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after purchasing an additional 35,209 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of CRH by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after acquiring an additional 431,172 shares during the last quarter. Lazard Asset Management LLC boosted its position 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 valued at $438,455,000 after buying an additional 5,068,682 shares in the last quarter. Legal & General Group Plc increased its holdings in CRH by 36,503.4% in 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. Finally, American Century Companies Inc. boosted its position in CRH by 103.9% during the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after buying an additional 2,365,589 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.1 %

NYSE:CRH traded up $0.07 during mid-day trading on Wednesday, hitting $99.86. 261,857 shares of the stock traded hands, compared to its average volume of 4,855,020. CRH plc has a 52 week low of $59.98 and a 52 week high of $102.51. The stock has a market capitalization of $67.82 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.44 and a beta of 1.29. The firm’s 50 day moving average is $93.36 and its two-hundred day moving average is $85.25.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRH shares. JPMorgan Chase & Co. lifted their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” 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. Based on data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus price target of $106.42.

CRH Company 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.