Icon Wealth Advisors LLC Boosts Stock Holdings in CRH plc (NYSE:CRH)

Icon Wealth Advisors LLC boosted its position in CRH plc (NYSE:CRHFree Report) by 2,316.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 85,117 shares of the construction company’s stock after purchasing an additional 81,594 shares during the period. Icon Wealth Advisors LLC’s holdings in CRH were worth $7,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH during the third quarter worth $25,000. UMB Bank n.a. grew its position 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 purchasing an additional 125 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of CRH during the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. lifted its holdings in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $100.53 on Friday. CRH plc has a 1 year low of $60.83 and a 1 year high of $102.51. The firm has a fifty day moving average price of $93.93 and a 200-day moving average price of $85.46. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.46 and a beta of 1.29.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is currently 32.00%.

Analysts Set New Price Targets

CRH has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Truist Financial lifted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and an average target price of $106.42.

View Our Latest Stock Analysis on CRH

About CRH

(Free Report)

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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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