Orion Portfolio Solutions LLC Decreases Stake in CRH plc (NYSE:CRH)

Orion Portfolio Solutions LLC decreased its holdings in CRH plc (NYSE:CRH) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,247 shares of the construction company’s stock after selling 4,088 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CRH were worth $8,833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust increased its holdings 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 purchasing an additional 123 shares in the last quarter. UMB Bank n.a. grew its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the period. CVA Family Office LLC increased its holdings in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after buying an additional 128 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after acquiring an additional 135 shares during the period. Finally, Baillie Gifford & Co. boosted 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 worth $36,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $103.00 on Friday. The company has a 50 day moving average price of $96.43 and a two-hundred day moving average price of $87.05. The stock has a market capitalization of $69.96 billion, a P/E ratio of 20.60, a PEG ratio of 1.31 and a beta of 1.29. CRH plc has a one year low of $62.80 and a one year high of $104.23.

CRH Cuts Dividend

The firm 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 $0.262 dividend. 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%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial raised their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased 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 investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and an average price target of $106.42.

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.