47,357 Shares in CRH plc (NYSE:CRH) Bought by Algert Global LLC

Algert Global LLC bought a new position in shares of CRH plc (NYSE:CRH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 47,357 shares of the construction company’s stock, valued at approximately $4,392,000.

A number of other institutional investors have also added to or reduced their stakes in CRH. Cetera Advisors LLC purchased a new position in shares of CRH during the first quarter worth about $1,277,000. LGT Group Foundation increased its holdings in shares of CRH by 8,189.3% in the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after buying an additional 1,580,527 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of CRH by 35.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock valued at $317,778,000 after buying an additional 1,114,177 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of CRH by 286.4% during the 1st quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock worth $4,671,000 after acquiring an additional 40,135 shares during the last quarter. Finally, M&G Plc purchased a new position in CRH in the second quarter worth $2,745,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on CRH shares. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, DA Davidson boosted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment 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 company’s stock. According to data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus target price of $106.42.

CRH Stock Up 0.9 %

CRH stock opened at $101.40 on Monday. The business has a 50 day moving average of $94.21 and a 200 day moving average of $85.67. The firm has a market cap of $68.87 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29. CRH plc has a twelve month low of $61.45 and a twelve month high of $102.51.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is presently 37.20%.

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.