2,265 Shares in CRH plc (NYSE:CRH) Purchased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group acquired a new stake in shares of CRH plc (NYSE:CRH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,265 shares of the construction company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its holdings in shares of CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Deseret Mutual Benefit Administrators purchased a new position in CRH in the 3rd quarter valued at $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the period. Meeder Asset Management Inc. purchased a new position in CRH during the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. raised its position in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CRH shares. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley lifted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Barclays initiated 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. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CRH presently has an average rating of “Buy” and a consensus target price of $106.42.

CRH Stock Down 0.6 %

NYSE:CRH opened at $97.93 on Friday. CRH plc has a 52-week low of $65.74 and a 52-week high of $104.23. The stock has a fifty day simple moving average of $97.30 and a 200-day simple moving average of $87.63. The company has a market capitalization of $66.51 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29.

CRH Cuts Dividend

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

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.