37,937 Shares in CRH plc (NYSE:CRH) Bought by Lmcg Investments LLC

Lmcg Investments LLC purchased a new position in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,937 shares of the construction company’s stock, valued at approximately $3,510,000.

Several other large investors also recently made changes to their positions in CRH. Victory Capital Management Inc. bought a new stake in shares of CRH during the second quarter worth approximately $206,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of CRH by 24.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,431 shares of the construction company’s stock worth $1,532,000 after purchasing an additional 4,050 shares in the last quarter. Amalgamated Bank acquired a new position in CRH in the second quarter valued at about $2,823,000. AE Wealth Management LLC grew its stake in CRH by 17.4% during the second quarter. AE Wealth Management LLC now owns 14,284 shares of the construction company’s stock worth $1,071,000 after buying an additional 2,115 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in shares of CRH by 259.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 190,666 shares of the construction company’s stock worth $14,296,000 after acquiring an additional 137,556 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 2.2 %

Shares of CRH opened at $97.69 on Tuesday. The stock has a market capitalization of $66.35 billion, a P/E ratio of 19.54, a PEG ratio of 1.06 and a beta of 1.31. The firm has a fifty day simple moving average of $97.37 and a two-hundred day simple moving average of $90.77. CRH plc has a twelve month low of $68.15 and a twelve month high of $104.23.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is currently 21.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on CRH shares. Citigroup decreased their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. 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. According to data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus price target of $107.75.

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.