One Wealth Advisors LLC Grows Position in CRH plc (NYSE:CRH)

One Wealth Advisors LLC lifted its position in CRH plc (NYSE:CRH) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,593 shares of the construction company’s stock after purchasing an additional 180 shares during the period. One Wealth Advisors LLC’s holdings in CRH were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new stake in CRH in the third quarter valued at approximately $25,000. UMB Bank n.a. grew its holdings in shares of CRH by 72.7% in the third 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. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new position in shares of CRH in the third quarter worth approximately $35,000. Finally, Baillie Gifford & Co. boosted its holdings in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. HSBC initiated coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH presently has an average rating of “Buy” and a consensus price target of $107.75.

CRH Price Performance

Shares of CRH opened at $97.36 on Tuesday. The stock has a market capitalization of $66.13 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. CRH plc has a 1 year low of $71.18 and a 1 year high of $104.23. The business’s 50 day simple moving average is $97.23 and its 200-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. Investors of record on Friday, November 22nd were issued a dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH’s payout ratio is presently 21.00%.

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.