3,500 Shares in CRH plc (NYSE:CRH) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in CRH plc (NYSE:CRH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,500 shares of the construction company’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Park Avenue Securities LLC grew its position in CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after purchasing an additional 5,889 shares during the period. Merit Financial Group LLC grew its holdings in shares of CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after buying an additional 5,610 shares during the last quarter. Nordea Investment Management AB increased its position in shares of CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after acquiring an additional 808,061 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of CRH by 168.7% in the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 13,868 shares during the last quarter. Finally, Transform Wealth LLC lifted its position in CRH by 10.9% in the 4th quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock valued at $11,633,000 after acquiring an additional 12,363 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH opened at $98.35 on Wednesday. The firm has a market cap of $66.80 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. CRH plc has a fifty-two week low of $69.91 and a fifty-two week high of $104.23. The business has a 50-day moving average of $97.34 and a 200 day moving average of $91.79.

CRH Cuts Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on CRH. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Morgan Stanley boosted their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Citigroup decreased their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.