CRH plc (NYSE:CRH) Stake Increased by Assetmark Inc.

Assetmark Inc. grew its holdings in CRH plc (NYSE:CRH) by 29.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,598 shares of the construction company’s stock after purchasing an additional 361 shares during the period. Assetmark Inc.’s holdings in CRH were worth $148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. GHP Investment Advisors Inc. raised its holdings in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH during the third quarter worth $25,000. UMB Bank n.a. raised its holdings in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of CRH during the second quarter worth $43,000. Finally, Quarry LP acquired a new position in CRH during the second quarter worth $49,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE:CRH opened at $98.29 on Monday. The company has a market cap of $66.76 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.43 and a beta of 1.29. The stock’s 50-day moving average is $92.77 and its 200-day moving average is $84.97. CRH plc has a 52-week low of $58.57 and a 52-week high of $102.51.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio is currently 32.00%.

Analyst Ratings Changes

Several equities analysts have commented on CRH shares. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Truist Financial increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH currently has a consensus rating of “Buy” and an average target price of $105.55.

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.