Raymond James Trust N.A. Raises Stock Position in CRH plc (NYSE:CRH)

Raymond James Trust N.A. raised its stake in CRH plc (NYSE:CRH) by 21.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,342 shares of the construction company’s stock after buying an additional 1,670 shares during the quarter. Raymond James Trust N.A.’s holdings in CRH were worth $866,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its holdings in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH in the third quarter valued at approximately $25,000. UMB Bank n.a. grew its position 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 valued at $28,000 after purchasing an additional 125 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. grew its position in shares of 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 purchasing an additional 162 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 0.9 %

NYSE:CRH opened at $101.40 on Monday. The company has a market cap of $68.87 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.27 and a beta of 1.29. CRH plc has a fifty-two week low of $61.45 and a fifty-two week high of $102.51. The firm’s 50 day moving average is $94.21 and its two-hundred day moving average is $85.67.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is currently 37.20%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRH. JPMorgan Chase & Co. increased their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley increased their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Truist Financial raised 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. Finally, HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $106.42.

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.