Raymond James Trust N.A. Raises Position in CRH plc (NYSE:CRH)

Raymond James Trust N.A. raised its holdings in CRH plc (NYSE:CRH) by 21.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,342 shares of the construction company’s stock after acquiring an additional 1,670 shares during the period. Raymond James Trust N.A.’s holdings in CRH were worth $866,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Greenhaven Associates Inc. raised its holdings in CRH by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after acquiring an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in CRH by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock valued at $646,188,000 after acquiring an additional 431,172 shares during the last quarter. Legal & General Group Plc raised 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 valued at $361,278,000 after acquiring an additional 4,825,752 shares during the last quarter. American Century Companies Inc. raised its holdings in 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 acquiring an additional 2,365,589 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in CRH by 35.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock valued at $317,778,000 after acquiring an additional 1,114,177 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $101.40 on Monday. The company’s fifty day moving average price is $94.21 and its 200 day moving average price is $85.67. CRH plc has a 12 month low of $61.45 and a 12 month high of $102.51. The firm has a market capitalization of $68.87 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.27 and a beta of 1.29.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid a dividend of $0.262 per share. 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 37.20%.

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. 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 report on Friday, November 8th. Morgan Stanley lifted 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. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report 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 target for the company. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.