CRH plc (NYSE:CRH) Shares Bought by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC grew its position in shares of CRH plc (NYSE:CRH) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,744 shares of the construction company’s stock after buying an additional 1,261 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in CRH were worth $2,844,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares in the last quarter. State Street Corp raised its stake in shares of CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after buying an additional 618,786 shares in the last quarter. Greenhaven Associates Inc. lifted its holdings in shares of 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 buying an additional 35,209 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of CRH by 2.1% in the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after buying an additional 165,825 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 0.8 %

CRH opened at $101.36 on Friday. The business’s fifty day simple moving average is $97.35 and its 200 day simple moving average is $91.44. CRH plc has a 52 week low of $68.76 and a 52 week high of $104.23. The firm has a market cap of $68.85 billion, a P/E ratio of 20.27, a PEG ratio of 1.09 and a beta of 1.31.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 21.00%.

Analysts Set New Price Targets

CRH has been the subject of a number of recent analyst reports. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $107.75.

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.