DAVENPORT & Co LLC Purchases 11,408 Shares of CRH plc (NYSE:CRH)

DAVENPORT & Co LLC lifted its position in shares of CRH plc (NYSE:CRH) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,744 shares of the construction company’s stock after acquiring an additional 11,408 shares during the period. DAVENPORT & Co LLC’s holdings in CRH were worth $4,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CRH. AQR Capital Management LLC bought a new stake in CRH in the 2nd quarter worth approximately $628,000. Cetera Investment Advisers grew its position in CRH by 1.2% in the 2nd quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company’s stock worth $4,088,000 after purchasing an additional 632 shares during the period. Sanctuary Advisors LLC bought a new stake in CRH in the 2nd quarter worth approximately $2,138,000. GAMMA Investing LLC grew its position in CRH by 106.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,291 shares of the construction company’s stock worth $120,000 after purchasing an additional 665 shares during the period. Finally, Azzad Asset Management Inc. ADV bought a new stake in CRH in the 3rd quarter worth approximately $601,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRH shares. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. DA Davidson lifted 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, November 11th. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Finally, Truist Financial lifted 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 Friday, November 8th. 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’s stock. According to MarketBeat.com, CRH currently has an average rating of “Buy” and an average price target of $107.75.

CRH Stock Down 1.7 %

Shares of CRH stock opened at $97.36 on Tuesday. The stock has a market cap of $66.13 billion, a P/E ratio of 19.47, a PEG ratio of 1.08 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $104.23. The company’s fifty day simple moving average is $97.23 and its two-hundred day simple moving average is $92.31.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were paid a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 22nd. CRH’s payout ratio is currently 21.00%.

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.