OneDigital Investment Advisors LLC Buys 12,918 Shares of CRH plc (NYSE:CRH)

OneDigital Investment Advisors LLC grew its stake in CRH plc (NYSE:CRH) by 84.8% in the 3rd quarter, Holdings Channel reports. The firm owned 28,158 shares of the construction company’s stock after purchasing an additional 12,918 shares during the period. OneDigital Investment Advisors LLC’s holdings in CRH were worth $2,611,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CRH. Greenhaven Associates Inc. grew its position in shares of 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 during the period. Bank of New York Mellon Corp grew its position in shares of 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 during the period. Lazard Asset Management LLC grew its position in shares of 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 during the period. Legal & General Group Plc grew its position in shares of 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 during the period. Finally, American Century Companies Inc. grew its position in shares of 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 during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 1.6 %

Shares of NYSE CRH opened at $98.29 on Friday. The firm’s 50-day moving average price is $92.77 and its 200-day moving average price is $84.86. The company has a market cap of $67.10 billion, a PE ratio of 19.66, a PEG ratio of 1.44 and a beta of 1.29. CRH plc has a 52-week low of $58.57 and a 52-week high of $102.51.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. Finally, Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CRH currently has an average rating of “Buy” and a consensus target price of $105.55.

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.