Crh Plc $CRH Shares Newly Acquired by M&G PLC

M&G PLC bought a new position in shares of Crh Plc (NYSE:CRH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 170,252 shares of the construction company’s stock, valued at approximately $14,131,000.

Several other hedge funds have also recently added to or reduced their stakes in CRH. Allspring Global Investments Holdings LLC lifted its position in shares of CRH by 2.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,304 shares of the construction company’s stock worth $2,394,000 after buying an additional 774 shares during the last quarter. Ethic Inc. grew its stake in shares of CRH by 64.2% in the 3rd quarter. Ethic Inc. now owns 41,447 shares of the construction company’s stock valued at $3,432,000 after purchasing an additional 16,206 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in CRH by 1.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 171,045 shares of the construction company’s stock valued at $14,163,000 after buying an additional 3,100 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of CRH by 6.7% during the third quarter. Pictet Asset Management Holding SA now owns 530,362 shares of the construction company’s stock worth $44,051,000 after acquiring an additional 33,512 shares during the period. Finally, Parallel Advisors LLC increased its position in CRH by 31.4% during the 3rd quarter. Parallel Advisors LLC now owns 12,925 shares of the construction company’s stock worth $1,070,000 after purchasing an additional 3,091 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their price target on CRH from $159.50 to $126.50 and set a “buy” rating for the company in a research report on Monday, August 3rd. Berenberg Bank set a $140.00 price target on CRH in a report on Tuesday, September 8th. Weiss Ratings downgraded CRH from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. Royal Bank Of Canada reduced their price target on shares of CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Finally, Citigroup raised their target price on shares of CRH from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $125.97.

Insiders Place Their Bets

In other CRH news, Director Siobhan Talbot purchased 2,000 shares of CRH stock in a transaction on Tuesday, November 3rd. The stock was bought at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the transaction, the director owned 10,507 shares of the company’s stock, valued at $994,277.41. The trade was a 23.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

CRH Stock Down 1.0%

Shares of CRH stock opened at $96.74 on Wednesday. The company has a market cap of $64.35 billion, a P/E ratio of 18.15, a PEG ratio of 1.86 and a beta of 1.33. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The business has a 50 day moving average of $87.25 and a two-hundred day moving average of $103.30.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. CRH had a net margin of 9.19% and a return on equity of 15.03%. The firm had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same period last year, the firm posted $2.21 EPS. CRH’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts expect that Crh Plc will post 5.55 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s payout ratio is presently 29.27%.

CRH Profile

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.