Geller Advisors LLC Takes $929,000 Position in CRH plc (NYSE:CRH)

Geller Advisors LLC purchased a new position in CRH plc (NYSE:CRH) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,019 shares of the construction company’s stock, valued at approximately $929,000.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. State Street Corp grew its position in CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock valued at $1,218,532,000 after purchasing an additional 618,786 shares in the last quarter. Greenhaven Associates Inc. increased its stake in CRH by 0.3% in 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 buying an additional 35,209 shares during the period. Bank of New York Mellon Corp lifted its position in CRH by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after buying an additional 431,172 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after buying an additional 4,274,336 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 0.2 %

CRH stock opened at $103.00 on Monday. CRH plc has a 12 month low of $62.80 and a 12 month high of $104.23. The stock has a market cap of $69.96 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. The business has a 50 day moving average price of $96.43 and a two-hundred day moving average price of $87.10.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is presently 37.20%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRH. HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. raised 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. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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 company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $106.42.

CRH Company 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.