Waverton Investment Management Ltd Invests $313,000 in CRH plc (NYSE:CRH)

Waverton Investment Management Ltd bought a new position in shares of CRH plc (NYSE:CRH) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 3,376 shares of the construction company’s stock, valued at approximately $313,000.

Several other large investors also recently bought and sold shares of the stock. Stockman Wealth Management Inc. grew its position in CRH by 0.9% during the 3rd quarter. Stockman Wealth Management Inc. now owns 125,113 shares of the construction company’s stock worth $11,603,000 after purchasing an additional 1,146 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in CRH during the 3rd quarter worth approximately $483,000. Legacy Capital Wealth Partners LLC purchased a new stake in CRH during the 3rd quarter worth approximately $212,000. Sigma Planning Corp grew its position in CRH by 5.5% during the 3rd quarter. Sigma Planning Corp now owns 4,338 shares of the construction company’s stock worth $402,000 after purchasing an additional 227 shares during the last quarter. Finally, Covestor Ltd purchased a new stake in CRH during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CRH. HSBC initiated coverage on shares of CRH in a research report on Monday. They set a “buy” rating and a $116.00 target price on the stock. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Finally, DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.55.

CRH Stock Performance

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

CRH Cuts Dividend

The firm also recently announced 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. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s payout ratio is 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.