Legacy Capital Wealth Partners LLC Invests $212,000 in CRH plc (NYSE:CRH)

Legacy Capital Wealth Partners LLC bought a new position in CRH plc (NYSE:CRH) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,289 shares of the construction company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust raised its holdings in CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. grew its position in shares of CRH by 72.7% during 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 in the last quarter. CVA Family Office LLC grew its position in shares of CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after purchasing an additional 135 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its position in shares of CRH by 3.2% during the 2nd quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock valued at $450,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRH. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. HSBC initiated coverage on shares of CRH in a research note on Monday. They set a “buy” rating and a $116.00 target price on the stock. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, CRH presently has an average rating of “Moderate Buy” and an average target price of $105.55.

CRH Trading Up 1.6 %

NYSE CRH opened at $102.31 on Tuesday. The company has a fifty day simple moving average of $91.44 and a two-hundred day simple moving average of $84.19. The stock has a market cap of $69.84 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.44 and a beta of 1.29. CRH plc has a 12-month low of $58.57 and a 12-month high of $102.51.

CRH Cuts Dividend

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

About CRH

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.