Stonegate Investment Group LLC Takes Position in CRH plc (NYSE:CRH)

Stonegate Investment Group LLC acquired a new position in shares of CRH plc (NYSE:CRH) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,566 shares of the construction company’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRH. AQR Capital Management LLC acquired a new position in shares of CRH during the second quarter worth $628,000. Northwestern Mutual Wealth Management Co. increased its position in CRH by 37.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 80,305 shares of the construction company’s stock valued at $6,021,000 after buying an additional 21,900 shares in the last quarter. Quarry LP purchased a new stake in CRH in the second quarter valued at about $49,000. Regency Capital Management Inc. DE boosted its holdings in CRH by 1.8% in the second quarter. Regency Capital Management Inc. DE now owns 116,072 shares of the construction company’s stock worth $8,703,000 after acquiring an additional 2,104 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of CRH by 12.3% during the second quarter. Truist Financial Corp now owns 374,584 shares of the construction company’s stock worth $28,086,000 after acquiring an additional 40,962 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE CRH opened at $98.35 on Wednesday. The stock has a market capitalization of $66.80 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.09 and a beta of 1.31. The firm’s 50 day simple moving average is $97.34 and its 200-day simple moving average is $91.79. CRH plc has a 12 month low of $69.91 and a 12 month high of $104.23.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH’s payout ratio is 21.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Buy” and an average target price of $107.75.

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.