James Hambro & Partners LLP Buys New Position in CRH plc (NYSE:CRH)

James Hambro & Partners LLP purchased a new position in CRH plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the construction company’s stock, valued at approximately $926,000.

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

CRH Trading Up 0.8 %

Shares of CRH opened at $101.36 on Monday. The firm has a market cap of $68.85 billion, a P/E ratio of 20.27, a PEG ratio of 1.09 and a beta of 1.31. The stock’s 50 day moving average is $97.35 and its two-hundred day moving average is $91.65. CRH plc has a 12 month low of $68.76 and a 12 month high of $104.23.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s payout ratio is presently 21.00%.

Analyst Ratings Changes

Several analysts have weighed in on CRH shares. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. Finally, HSBC started coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CRH has a consensus rating of “Buy” and an average price target 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.