Ballentine Partners LLC Buys 170 Shares of CRH plc (NYSE:CRH)

Ballentine Partners LLC boosted its stake in shares of CRH plc (NYSE:CRH) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,124 shares of the construction company’s stock after acquiring an additional 170 shares during the period. Ballentine Partners LLC’s holdings in CRH were worth $1,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the period. Franklin Resources Inc. increased its stake in CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after acquiring an additional 1,148,708 shares during the period. State Street Corp increased its stake in CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after acquiring an additional 618,786 shares during the period. Greenhaven Associates Inc. boosted its holdings 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 valued at $1,034,540,000 after purchasing an additional 35,209 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of CRH by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after purchasing an additional 165,825 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRH. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. One equities 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $107.75.

CRH Trading Up 1.5 %

NYSE CRH opened at $99.20 on Wednesday. The business’s 50-day moving average price is $97.28 and its two-hundred day moving average price is $90.94. CRH plc has a 12 month low of $68.15 and a 12 month high of $104.23. The firm has a market capitalization of $67.38 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were given a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) 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.