Dynasty Wealth Management LLC Buys 504 Shares of CRH plc (NYSE:CRH)

Dynasty Wealth Management LLC lifted its position in CRH plc (NYSE:CRH) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,122 shares of the construction company’s stock after buying an additional 504 shares during the quarter. Dynasty Wealth Management LLC’s holdings in CRH were worth $1,862,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after purchasing an additional 109 shares during the last quarter. Lindbrook Capital LLC boosted its position in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after buying an additional 150 shares during the last quarter. Manitou Investment Management Ltd. lifted its holdings in CRH by 1.4% during the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after purchasing an additional 160 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in 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 buying an additional 162 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the topic of several recent analyst reports. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial lifted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, HSBC initiated coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $107.75.

CRH Trading Down 0.6 %

Shares of CRH stock opened at $101.68 on Friday. The firm has a fifty day simple moving average of $98.42 and a two-hundred day simple moving average of $95.12. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The firm has a market capitalization of $69.06 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This is an increase from CRH’s previous dividend of $0.23. CRH’s payout ratio is presently 21.00%.

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.