Ashton Thomas Private Wealth LLC Has $3.13 Million Stock Holdings in CRH plc (NYSE:CRH)

Ashton Thomas Private Wealth LLC raised its stake in CRH plc (NYSE:CRH) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,787 shares of the construction company’s stock after purchasing an additional 3,261 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in CRH were worth $3,133,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. boosted its holdings in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of CRH in the 3rd quarter worth $25,000. UMB Bank n.a. grew its position in CRH by 72.7% in 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 during the period. Baillie Gifford & Co. raised its holdings in CRH by 70.7% during the third 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 last quarter. Finally, Rothschild Investment LLC bought a new position in shares of CRH in the second quarter valued at $43,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the subject of several recent research reports. HSBC began coverage on shares of CRH in a research report on Monday. They set a “buy” rating and a $116.00 target price for the company. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $105.55.

CRH Price Performance

CRH opened at $100.15 on Wednesday. The firm has a market capitalization of $68.37 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. CRH plc has a one year low of $58.57 and a one year high of $102.51. The company has a fifty day moving average price of $91.68 and a 200-day moving average price of $84.37.

CRH Cuts Dividend

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

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.