OneDigital Investment Advisors LLC Raises Stock Position in CRH plc (NYSE:CRH)

OneDigital Investment Advisors LLC boosted its position in shares of CRH plc (NYSE:CRH) by 84.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,158 shares of the construction company’s stock after acquiring an additional 12,918 shares during the period. OneDigital Investment Advisors LLC’s holdings in CRH were worth $2,611,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Greenhaven Associates Inc. grew 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 worth $1,034,540,000 after buying an additional 35,209 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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. Lazard Asset Management LLC grew its stake in CRH by 35,497.5% in the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after buying an additional 5,068,682 shares in the last quarter. Legal & General Group Plc grew its stake in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after buying an additional 4,825,752 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in CRH by 103.9% in the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after buying an additional 2,365,589 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.6 %

NYSE:CRH opened at $98.29 on Friday. CRH plc has a 52 week low of $58.57 and a 52 week high of $102.51. The firm has a market capitalization of $67.10 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.44 and a beta of 1.29. The company has a fifty day moving average of $92.77 and a 200 day moving average of $84.86.

CRH Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 37.20%.

Analysts Set New Price Targets

A number of research firms have commented on CRH. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Truist Financial upped their price objective 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 research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $105.55.

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.