Cerity Partners LLC lifted its position in CRH plc (NYSE:CRH - Free Report) by 206.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,367 shares of the construction company's stock after acquiring an additional 79,773 shares during the quarter. Cerity Partners LLC's holdings in CRH were worth $10,977,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CRH. Camden National Bank bought a new stake in shares of CRH in the 3rd quarter valued at about $360,000. Icon Wealth Advisors LLC increased its holdings in CRH by 2,316.0% during the third quarter. Icon Wealth Advisors LLC now owns 85,117 shares of the construction company's stock valued at $7,894,000 after buying an additional 81,594 shares during the period. Raymond James Trust N.A. raised its stake in CRH by 21.8% in the third quarter. Raymond James Trust N.A. now owns 9,342 shares of the construction company's stock worth $866,000 after buying an additional 1,670 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CRH by 25.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,217,655 shares of the construction company's stock worth $205,665,000 after buying an additional 446,363 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in CRH during the 3rd quarter valued at $210,000. 62.50% of the stock is owned by hedge funds and other institutional investors.
NYSE:CRH opened at $102.87 on Wednesday. The company has a 50 day moving average price of $94.76 and a 200-day moving average price of $85.96. CRH plc has a 1-year low of $61.51 and a 1-year high of $103.64. The firm has a market cap of $69.87 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29.
The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH's payout ratio is 37.20%.
CRH has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price for the company. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $106.42.
Check Out Our Latest Stock Report on 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.
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