TD Private Client Wealth LLC Grows Stock Position in CRH plc (NYSE:CRH)

TD Private Client Wealth LLC boosted its position in CRH plc (NYSE:CRH) by 31.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,229 shares of the construction company’s stock after buying an additional 2,660 shares during the period. TD Private Client Wealth LLC’s holdings in CRH were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in 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 during the period. Meeder Asset Management Inc. purchased a new position in CRH in the third quarter worth $35,000. Finally, Baillie Gifford & Co. lifted its holdings in CRH by 70.7% in the third 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 and hedge funds.

CRH Trading Down 0.6 %

CRH stock opened at $97.93 on Friday. CRH plc has a 52 week low of $65.74 and a 52 week high of $104.23. The stock has a market cap of $66.51 billion, a PE ratio of 19.59, a P/E/G ratio of 1.25 and a beta of 1.29. The stock has a 50-day moving average price of $97.30 and a 200 day moving average price of $87.63.

CRH Cuts Dividend

The company also recently announced 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 yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 37.20%.

Analysts Set New Price Targets

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

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.