R Squared Ltd Purchases New Shares in CRH plc (NYSE:CRH)

R Squared Ltd acquired a new position in CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,500 shares of the construction company’s stock, valued at approximately $324,000.

Other institutional investors have also recently bought and sold shares of the company. Stonegate Investment Group LLC acquired a new position in CRH in the fourth quarter valued at about $515,000. James Hambro & Partners LLP acquired a new position in shares of CRH in the 4th quarter valued at approximately $926,000. KBC Group NV boosted its position in shares of CRH by 7.4% during the 4th quarter. KBC Group NV now owns 1,310,177 shares of the construction company’s stock worth $121,218,000 after acquiring an additional 89,955 shares in the last quarter. Blue Trust Inc. increased its stake in CRH by 47.8% in the fourth quarter. Blue Trust Inc. now owns 4,206 shares of the construction company’s stock valued at $390,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in CRH by 50.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 16,690 shares of the construction company’s stock valued at $1,544,000 after acquiring an additional 5,615 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH opened at $98.35 on Wednesday. The business has a 50-day moving average of $97.34 and a 200-day moving average of $91.79. The company has a market capitalization of $66.80 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. CRH plc has a 1 year low of $69.91 and a 1 year high of $104.23.

CRH Cuts Dividend

The company also recently declared 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 was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 21.00%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research 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 report on Friday, November 8th. HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Finally, DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $107.75.

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.