Empirical Asset Management LLC Invests $2.97 Million in CRH plc (NYSE:CRH)

Empirical Asset Management LLC purchased a new position in shares of CRH plc (NYSE:CRH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 32,103 shares of the construction company’s stock, valued at approximately $2,970,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Grove Bank & Trust lifted its position in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. raised its position in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. CVA Family Office LLC lifted its holdings in CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares in the last quarter. Lindbrook Capital LLC boosted its position in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $97.69 on Friday. The company has a market capitalization of $66.35 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The business has a 50-day moving average of $97.43 and a two-hundred day moving average of $90.35. CRH plc has a 1 year low of $68.15 and a 1 year high of $104.23.

CRH Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were paid a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a yield of 1.4%. CRH’s payout ratio is 21.00%.

Analyst Ratings Changes

CRH has been the topic of several recent research reports. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Truist Financial 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 Friday, November 8th. DA Davidson raised 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 Monday, November 11th. Finally, Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $107.75.

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.