Brentview Investment Management LLC Takes $4.03 Million Position in CRH plc (NYSE:CRH)

Brentview Investment Management LLC acquired a new stake in CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,551 shares of the construction company’s stock, valued at approximately $4,029,000. CRH makes up 2.3% of Brentview Investment Management LLC’s portfolio, making the stock its 20th biggest holding.

Several other hedge funds also recently modified their holdings of the stock. Arkadios Wealth Advisors increased its stake in shares of CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares in the last quarter. Grove Bank & Trust increased its stake in shares of CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares in the last quarter. UMB Bank n.a. increased its stake in shares of CRH by 72.7% in 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. CVA Family Office LLC grew its position in CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the period. Finally, Lindbrook Capital LLC grew its position in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after purchasing an additional 135 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRH. DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $107.75.

CRH Price Performance

NYSE CRH opened at $99.15 on Monday. The stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.08 and a beta of 1.30. CRH plc has a one year low of $71.18 and a one year high of $104.23. The business’s fifty day moving average is $97.23 and its 200-day moving average is $92.23.

CRH Cuts Dividend

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

CRH 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.