Cox Capital Mgt LLC Buys 538 Shares of CRH plc (NYSE:CRH)

Cox Capital Mgt LLC boosted its stake in CRH plc (NYSE:CRH) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,892 shares of the construction company’s stock after purchasing an additional 538 shares during the period. Cox Capital Mgt LLC’s holdings in CRH were worth $1,655,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH in the 3rd quarter worth $25,000. UMB Bank n.a. lifted its holdings in CRH by 72.7% in the third 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 during the period. Meeder Asset Management Inc. purchased a new position in CRH in the third quarter worth about $35,000. Baillie Gifford & Co. grew its stake in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the period. Finally, Quarry LP purchased a new stake in shares of CRH during the 2nd quarter valued at about $49,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 1.2 %

NYSE CRH opened at $92.66 on Wednesday. CRH plc has a 12 month low of $66.42 and a 12 month high of $104.23. The stock has a market cap of $62.93 billion, a PE ratio of 18.53, a P/E/G ratio of 1.24 and a beta of 1.29. The stock’s 50 day moving average is $97.62 and its 200 day moving average is $90.28.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were given a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. DA Davidson boosted their price objective 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. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Barclays started coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of “Buy” and an average target price of $107.75.

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.