SG Americas Securities LLC Purchases 338,699 Shares of CRH plc (NYSE:CRH)

SG Americas Securities LLC increased its position in shares of CRH plc (NYSE:CRH) by 404.6% during the fourth quarter, HoldingsChannel reports. The fund owned 422,413 shares of the construction company’s stock after buying an additional 338,699 shares during the quarter. SG Americas Securities LLC’s holdings in CRH were worth $39,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter worth about $25,000. UMB Bank n.a. lifted its holdings in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new position in CRH during the 3rd quarter worth about $35,000. 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 buying an additional 162 shares during the period. Finally, Quarry LP acquired a new position in CRH during the 2nd quarter worth about $49,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $100.36 on Thursday. The stock’s 50 day simple moving average is $97.26 and its 200 day simple moving average is $91.12. The company has a market cap of $68.17 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. CRH plc has a fifty-two week low of $68.15 and a fifty-two week high of $104.23.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued 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 is currently 21.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRH. HSBC began coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Truist Financial boosted 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. Finally, Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target 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.