Ninety One UK Ltd Acquires 209,328 Shares of CRH plc (NYSE:CRH)

Ninety One UK Ltd lifted its holdings in CRH plc (NYSE:CRH) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,547,826 shares of the construction company’s stock after buying an additional 209,328 shares during the quarter. Ninety One UK Ltd owned about 0.38% of CRH worth $235,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hodges Capital Management Inc. acquired a new position in shares of CRH during the fourth quarter worth approximately $8,201,000. One Wealth Advisors LLC lifted its holdings in CRH by 5.3% during the 4th quarter. One Wealth Advisors LLC now owns 3,593 shares of the construction company’s stock worth $332,000 after buying an additional 180 shares in the last quarter. Brentview Investment Management LLC bought a new position in CRH in the 4th quarter valued at $4,029,000. CENTRAL TRUST Co increased its stake in shares of CRH by 14.2% in the 4th quarter. CENTRAL TRUST Co now owns 25,129 shares of the construction company’s stock valued at $2,325,000 after buying an additional 3,126 shares during the period. Finally, Spire Wealth Management bought a new stake in shares of CRH during the fourth quarter worth $57,000. 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 reports. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, HSBC started coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Stock Performance

Shares of CRH stock opened at $98.66 on Wednesday. The company has a market capitalization of $67.01 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $104.23. The company’s 50 day moving average price is $97.12 and its two-hundred day moving average price is $92.43.

CRH Cuts Dividend

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

About CRH

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.