Transform Wealth LLC Acquires 12,363 Shares of CRH plc (NYSE:CRH)

Transform Wealth LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,736 shares of the construction company’s stock after purchasing an additional 12,363 shares during the period. Transform Wealth LLC’s holdings in CRH were worth $11,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. Legal & General Group Plc lifted its position in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after acquiring an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CRH by 515.7% in the 3rd 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 valued at $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Bank of Montreal Can increased its holdings in CRH by 173.0% during the 2nd quarter. Bank of Montreal Can now owns 2,128,963 shares of the construction company’s stock worth $160,183,000 after purchasing an additional 1,349,023 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of CRH in the second quarter valued at about $86,830,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Finally, HSBC began coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $107.75.

CRH Stock Performance

Shares of CRH stock opened at $97.69 on Tuesday. CRH plc has a 52 week low of $68.15 and a 52 week high of $104.23. The company has a market capitalization of $66.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.06 and a beta of 1.31. The company has a 50-day simple moving average of $97.28 and a 200 day simple moving average of $90.94.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio is presently 21.00%.

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.