IFP Advisors Inc Has $147,000 Holdings in CRH plc (NYSE:CRH)

IFP Advisors Inc increased its stake in shares of CRH plc (NYSE:CRH) by 91.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,592 shares of the construction company’s stock after purchasing an additional 762 shares during the period. IFP Advisors Inc’s holdings in CRH were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Arkadios Wealth Advisors lifted its holdings in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after acquiring an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in CRH by 18.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock worth $90,000 after acquiring an additional 150 shares in the last quarter. Manitou Investment Management Ltd. lifted its holdings in CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after acquiring an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings 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 acquiring an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE:CRH opened at $96.32 on Wednesday. The stock’s 50-day simple moving average is $98.75 and its 200 day simple moving average is $95.61. The company has a market cap of $65.42 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be given a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is currently 20.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRH. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. DA Davidson boosted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $108.45.

CRH 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.