ARS Investment Partners LLC Boosts Stock Holdings in CRH plc (NYSE:CRH)

ARS Investment Partners LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 366,364 shares of the construction company’s stock after acquiring an additional 7,922 shares during the quarter. CRH makes up approximately 3.1% of ARS Investment Partners LLC’s holdings, making the stock its 10th biggest holding. ARS Investment Partners LLC owned 0.05% of CRH worth $33,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CRH. FMR LLC lifted its position in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Legal & General Group Plc grew its position in CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after buying an additional 4,825,752 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CRH by 515.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after purchasing an additional 4,274,336 shares during the period. Bank of Montreal Can lifted its stake in CRH by 173.0% during the second quarter. Bank of Montreal Can now owns 2,128,963 shares of the construction company’s stock valued at $160,183,000 after buying an additional 1,349,023 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in shares of CRH in the second quarter worth approximately $86,830,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.2 %

NYSE:CRH opened at $97.69 on Tuesday. The firm has a market capitalization of $66.35 billion, a PE ratio of 19.54, a PEG ratio of 1.06 and a beta of 1.31. The firm’s fifty day simple moving average is $97.37 and its 200 day simple moving average is $90.77. CRH plc has a 1 year low of $68.15 and a 1 year high of $104.23.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were given a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 21.00%.

Analyst Ratings Changes

CRH has been the topic of several research analyst reports. Truist Financial lifted their price objective 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. Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus target price 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.