EverSource Wealth Advisors LLC Boosts Holdings in CRH plc (NYSE:CRH)

EverSource Wealth Advisors LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 2.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 114,657 shares of the construction company’s stock after purchasing an additional 2,685 shares during the period. EverSource Wealth Advisors LLC’s holdings in CRH were worth $10,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in shares of CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after purchasing an additional 5,068,682 shares during the period. Legal & General Group Plc increased its holdings in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after buying an additional 4,825,752 shares during the period. American Century Companies Inc. raised its position in CRH by 103.9% during the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after buying an additional 2,365,589 shares during the last quarter. LGT Group Foundation lifted its stake in CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after acquiring an additional 1,580,527 shares during the period. Finally, Baupost Group LLC MA boosted its holdings in shares of CRH by 56.0% in the 2nd quarter. Baupost Group LLC MA now owns 4,226,602 shares of the construction company’s stock valued at $316,911,000 after acquiring an additional 1,517,059 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their target price 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. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $106.42.

CRH Stock Performance

Shares of CRH stock traded up $0.07 during trading hours on Wednesday, reaching $99.86. The company had a trading volume of 261,857 shares, compared to its average volume of 4,855,020. The stock’s fifty day simple moving average is $93.36 and its 200 day simple moving average is $85.25. The company has a market capitalization of $67.82 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. CRH plc has a twelve month low of $59.98 and a twelve month 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 paid a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 37.20%.

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.