Capital Wealth Planning LLC Has $3.40 Million Position in CRH plc (NYSE:CRH)

Capital Wealth Planning LLC boosted its position in shares of CRH plc (NYSE:CRH) by 21.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,715 shares of the construction company’s stock after purchasing an additional 6,400 shares during the period. Capital Wealth Planning LLC’s holdings in CRH were worth $3,397,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CRH. Wealth Enhancement Advisory Services LLC lifted its holdings in CRH by 8.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,081 shares of the construction company’s stock valued at $842,000 after purchasing an additional 683 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of CRH in the third quarter worth about $2,665,000. Pinnacle Associates Ltd. raised its stake in shares of CRH by 195.6% in the third quarter. Pinnacle Associates Ltd. now owns 13,813 shares of the construction company’s stock worth $1,281,000 after acquiring an additional 9,140 shares during the last quarter. Financial Advocates Investment Management bought a new position in shares of CRH in the third quarter worth about $249,000. Finally, Stephens Inc. AR raised its stake in shares of CRH by 6.4% in the third quarter. Stephens Inc. AR now owns 4,816 shares of the construction company’s stock worth $447,000 after acquiring an additional 290 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. 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 note on Monday, November 11th. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Truist Financial boosted 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One research 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 stock. According to data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus target price of $107.75.

CRH Stock Performance

Shares of NYSE CRH opened at $102.46 on Friday. The stock has a market cap of $69.59 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.15 and a beta of 1.30. The firm has a 50 day moving average price of $98.60 and a 200 day moving average price of $95.34. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. This is a boost from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is currently 21.00%.

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.