LRI Investments LLC Buys 908 Shares of CRH plc (NYSE:CRH)

LRI Investments LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 550.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,073 shares of the construction company’s stock after purchasing an additional 908 shares during the quarter. LRI Investments LLC’s holdings in CRH were worth $107,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its stake in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new position in CRH in the third quarter worth $25,000. UMB Bank n.a. raised its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in CRH during the third quarter valued at about $35,000. Finally, Baillie Gifford & Co. lifted its stake in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRH shares. DA Davidson increased their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Truist Financial 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 Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CRH has a consensus rating of “Buy” and an average price target of $106.42.

CRH Trading Down 1.2 %

CRH stock opened at $98.85 on Wednesday. The stock has a market capitalization of $67.14 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.30 and a beta of 1.29. The firm’s 50-day moving average price is $96.58 and its two-hundred day moving average price is $87.24. CRH plc has a 12-month low of $65.06 and a 12-month high of $104.23.

CRH Cuts Dividend

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

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.