Lindbrook Capital LLC Increases Stock Position in CRH plc (NYSE:CRH)

Lindbrook Capital LLC grew its stake in CRH plc (NYSE:CRH) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,815 shares of the construction company’s stock after buying an additional 135 shares during the period. Lindbrook Capital LLC’s holdings in CRH were worth $447,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Grove Bank & Trust grew its position in CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares in the last quarter. UMB Bank n.a. increased its position in shares of CRH by 72.7% during the 3rd 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. CVA Family Office LLC increased its position in shares of CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of CRH by 3.2% during the 2nd quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock valued at $450,000 after buying an additional 188 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in CRH by 10.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,172 shares of the construction company’s stock worth $201,000 after buying an additional 202 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $100.67 on Friday. The business has a 50 day moving average of $91.44 and a 200 day moving average of $84.11. CRH plc has a 52 week low of $58.12 and a 52 week high of $102.45.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. As a group, equities research analysts forecast that CRH plc will post 5.41 EPS for the current fiscal year.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd.

Analyst Ratings Changes

CRH has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson lifted their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.90.

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.