Oppenheimer & Co. Inc. Has $2.43 Million Stock Holdings in CRH plc (NYSE:CRH)

Oppenheimer & Co. Inc. reduced its holdings in shares of CRH plc (NYSE:CRH) by 0.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,232 shares of the construction company’s stock after selling 167 shares during the period. Oppenheimer & Co. Inc.’s holdings in CRH were worth $2,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the 3rd quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in CRH during the fourth quarter worth $32,000. Meeder Asset Management Inc. bought a new position in shares of CRH during the third quarter valued at $35,000. Baillie Gifford & Co. boosted 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 purchasing an additional 162 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of CRH in the 4th quarter worth about $38,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH opened at $102.46 on Monday. The firm’s fifty day moving average is $98.60 and its two-hundred day moving average is $95.43. The firm has a market cap of $69.59 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. This is a positive change from CRH’s previous quarterly dividend of $0.23. CRH’s payout ratio is presently 20.87%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley boosted 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. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Finally, Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $107.75.

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.