Crews Bank & Trust Invests $329,000 in CRH plc (NYSE:CRH)

Crews Bank & Trust purchased a new position in CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,553 shares of the construction company’s stock, valued at approximately $329,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in shares of CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after purchasing an additional 5,889 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 5,610 shares during the period. Nordea Investment Management AB boosted its position in shares of CRH by 48.2% in the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares during the period. Tidal Investments LLC boosted its position in shares of CRH by 168.7% in the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 13,868 shares during the period. Finally, Transform Wealth LLC boosted its position in shares of CRH by 10.9% in the 4th quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock valued at $11,633,000 after purchasing an additional 12,363 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $99.75 on Friday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $104.23. The business has a 50-day moving average of $97.29 and a 200-day moving average of $91.97. The company has a market capitalization of $67.75 billion, a PE ratio of 19.95, a price-to-earnings-growth 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 paid a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is presently 21.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CRH shares. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Finally, HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average 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.