Hollow Brook Wealth Management LLC Has $2.68 Million Holdings in CRH plc (NYSE:CRH)

Hollow Brook Wealth Management LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,849 shares of the construction company’s stock after buying an additional 1,450 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in CRH were worth $2,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. Legal & General Group Plc lifted its holdings in CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after purchasing an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after buying an additional 4,274,336 shares in the last quarter. American Century Companies Inc. increased its position in shares of CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares during the period. Finally, LGT Group Foundation lifted its holdings in shares of CRH by 8,189.3% in the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after buying an additional 1,580,527 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRH shares. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $106.42.

CRH Trading Up 0.6 %

NYSE:CRH opened at $102.93 on Monday. The business’s 50-day moving average is $95.37 and its 200 day moving average is $86.35. CRH plc has a 12 month low of $62.80 and a 12 month high of $104.19. The company has a market capitalization of $69.91 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The company also recently disclosed 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 of this dividend is Friday, November 22nd. CRH’s payout ratio is 37.20%.

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.