Baron Wealth Management LLC Purchases Shares of 2,478 CRH plc (NYSE:CRH)

Baron Wealth Management LLC purchased a new position in CRH plc (NYSE:CRH) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,478 shares of the construction company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its holdings in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after buying an additional 9,055,354 shares during the period. Franklin Resources Inc. lifted its position in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after acquiring an additional 1,148,708 shares in the last quarter. State Street Corp grew its position in CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after purchasing an additional 618,786 shares in the last quarter. Greenhaven Associates Inc. raised its stake in CRH by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after purchasing an additional 35,209 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of CRH by 2.1% in the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after purchasing an additional 165,825 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.5 %

Shares of NYSE CRH opened at $99.04 on Thursday. The firm has a market capitalization of $67.27 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.09 and a beta of 1.31. CRH plc has a one year low of $70.83 and a one year high of $104.23. The business has a fifty day simple moving average of $97.31 and a 200 day simple moving average of $91.92.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRH. Truist Financial increased their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.