Sanctuary Advisors LLC Purchases 1,541 Shares of CRH plc (NYSE:CRH)

Sanctuary Advisors LLC increased its position in CRH plc (NYSE:CRH) by 5.7% during the third quarter, Holdings Channel reports. The firm owned 28,760 shares of the construction company’s stock after buying an additional 1,541 shares during the quarter. Sanctuary Advisors LLC’s holdings in CRH were worth $2,916,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after acquiring an additional 259 shares during the period. Deseret Mutual Benefit Administrators bought a new position in CRH in the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Meeder Asset Management Inc. bought a new position in CRH in the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. raised its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Trading Down 1.0 %

NYSE CRH opened at $97.23 on Wednesday. The firm has a market capitalization of $66.04 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.25 and a beta of 1.29. The firm’s 50 day simple moving average is $97.65 and its 200 day simple moving average is $87.99. CRH plc has a 1 year low of $65.74 and a 1 year high of $104.23.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is 21.00%.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. DA Davidson raised their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $106.42.

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.