CRH plc (NYSE:CRH) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its position in shares of CRH plc (NYSE:CRH) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,119 shares of the construction company’s stock after purchasing an additional 1,822 shares during the period. Atomi Financial Group Inc.’s holdings in CRH were worth $1,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators bought a new stake in shares of CRH during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in 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 acquiring an additional 125 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in CRH during the 3rd quarter worth $35,000. Baillie Gifford & Co. grew its stake in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Quarry LP acquired a new stake in CRH in the second quarter worth about $49,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 1.5 %

CRH stock opened at $99.20 on Wednesday. CRH plc has a one year low of $68.15 and a one year high of $104.23. The firm has a 50-day moving average of $97.28 and a two-hundred day moving average of $90.94. The firm has a market capitalization of $67.38 billion, a PE ratio of 19.84, a P/E/G ratio of 1.06 and a beta of 1.31.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Investors 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 presently 21.00%.

Wall Street Analysts Forecast Growth

CRH has been the topic of several research analyst reports. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. One 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’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.