Stratos Investment Management LLC Increases Stake in CRH plc (NYSE:CRH)

Stratos Investment Management LLC grew its holdings in CRH plc (NYSE:CRH) by 38.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,709 shares of the construction company’s stock after acquiring an additional 17,796 shares during the period. Stratos Investment Management LLC’s holdings in CRH were worth $5,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in shares of CRH by 72.7% during 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 in the last quarter. Heck Capital Advisors LLC purchased a new position in CRH in the fourth quarter valued at $32,000. Meeder Asset Management Inc. acquired a new stake in CRH in the third quarter valued at $35,000. Finally, Baillie Gifford & Co. lifted its holdings in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Truist Financial increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Price Performance

Shares of CRH stock opened at $98.66 on Wednesday. CRH plc has a 1 year low of $71.18 and a 1 year high of $104.23. The business has a 50 day moving average price of $97.12 and a 200 day moving average price of $92.43. The company has a market capitalization of $67.01 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.08 and a beta of 1.30.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is currently 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.