MML Investors Services LLC Raises Stock Position in CRH plc (NYSE:CRH)

MML Investors Services LLC lifted its position in CRH plc (NYSE:CRH) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,358 shares of the construction company’s stock after buying an additional 2,518 shares during the period. MML Investors Services LLC’s holdings in CRH were worth $3,279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH in the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its position 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 purchasing an additional 125 shares during the last quarter. GHP Investment Advisors Inc. grew its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in CRH during the 3rd quarter worth approximately $35,000. Finally, Baillie Gifford & Co. grew its position 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 purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $97.92 on Friday. The firm has a fifty day moving average price of $97.30 and a 200 day moving average price of $87.69. CRH plc has a 1 year low of $65.74 and a 1 year high of $104.23. The stock has a market cap of $66.51 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.25 and a beta of 1.29.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is currently 21.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial boosted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $106.42.

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.