Diversify Wealth Management LLC Has $1.03 Million Stock Position in CRH plc (NYSE:CRH)

Diversify Wealth Management LLC increased its position in CRH plc (NYSE:CRH) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,265 shares of the construction company’s stock after buying an additional 1,195 shares during the period. Diversify Wealth Management LLC’s holdings in CRH were worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators acquired a new stake in CRH in the third quarter valued at approximately $25,000. UMB Bank n.a. grew its position 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 purchasing an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new stake in CRH in the 3rd quarter valued at $35,000. Baillie Gifford & Co. increased its stake in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Quarry LP acquired a new position in CRH during the second quarter worth $49,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 2.2 %

CRH opened at $97.69 on Tuesday. CRH plc has a twelve month low of $68.15 and a twelve month high of $104.23. The company’s 50-day moving average price is $97.37 and its two-hundred day moving average price is $90.77. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.31.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRH. Morgan Stanley boosted 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. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have assigned 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 $107.75.

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.