Oppenheimer & Co. Inc. Has $2.45 Million Position in CRH plc (NYSE:CRH)

Oppenheimer & Co. Inc. cut its stake in CRH plc (NYSE:CRH) by 0.6% during the third quarter, HoldingsChannel reports. The fund owned 26,399 shares of the construction company’s stock after selling 146 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CRH were worth $2,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. Oppenheimer Asset Management Inc. increased its position in CRH by 3.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 241,012 shares of the construction company’s stock worth $22,351,000 after purchasing an additional 8,426 shares during the last quarter. Community Bank & Trust Waco Texas bought a new stake in shares of CRH in the 3rd quarter valued at approximately $229,000. Victory Capital Management Inc. increased its holdings in CRH by 6,859.4% in the third quarter. Victory Capital Management Inc. now owns 191,105 shares of the construction company’s stock worth $17,723,000 after buying an additional 188,359 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in CRH by 10.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 33,787 shares of the construction company’s stock valued at $3,133,000 after acquiring an additional 3,261 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in CRH by 8.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,448,890 shares of the construction company’s stock worth $134,370,000 after acquiring an additional 107,266 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRH shares. HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays started coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $105.55.

CRH Price Performance

NYSE:CRH opened at $98.29 on Friday. CRH plc has a one year low of $58.57 and a one year high of $102.51. The company has a fifty day moving average price of $92.77 and a 200 day moving average price of $84.86. The stock has a market cap of $67.10 billion, a P/E ratio of 19.66, a PEG ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

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

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.