2,534 Shares in CRH plc (NYSE:CRH) Acquired by Hardy Reed LLC

Hardy Reed LLC purchased a new position in shares of CRH plc (NYSE:CRH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,534 shares of the construction company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dupont Capital Management Corp acquired a new position in CRH during the first quarter valued at $13,492,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of CRH by 29.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,361 shares of the construction company’s stock valued at $807,000 after buying an additional 2,115 shares during the period. Advisory Resource Group boosted its stake in shares of CRH by 10.5% in the first quarter. Advisory Resource Group now owns 11,683 shares of the construction company’s stock worth $1,008,000 after buying an additional 1,110 shares during the last quarter. Virtu Financial LLC grew its holdings in CRH by 621.0% during the first quarter. Virtu Financial LLC now owns 53,286 shares of the construction company’s stock worth $4,596,000 after acquiring an additional 45,895 shares during the period. Finally, Atria Investments Inc raised its position in CRH by 161.7% during the first quarter. Atria Investments Inc now owns 56,665 shares of the construction company’s stock valued at $4,888,000 after acquiring an additional 35,009 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. 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. Finally, HSBC started coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $106.42.

CRH Price Performance

NYSE CRH opened at $102.87 on Wednesday. The stock’s 50 day simple moving average is $94.76 and its 200-day simple moving average is $85.96. The company has a market cap of $69.87 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. CRH plc has a 1-year low of $61.51 and a 1-year high of $103.64.

CRH Cuts Dividend

The firm also recently announced 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. The ex-dividend date is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 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.