Decatur Capital Management Inc. Purchases Shares of 2,299 CRH plc (NYSE:CRH)

Decatur Capital Management Inc. acquired a new position in shares of CRH plc (NYSE:CRH) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,299 shares of the construction company’s stock, valued at approximately $213,000.

Several other large investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in CRH during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 125 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in CRH during the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. increased its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRH has been the topic of a number of recent research reports. HSBC started coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. DA Davidson upped their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $106.42.

CRH Price Performance

NYSE CRH opened at $98.57 on Friday. CRH plc has a 12 month low of $65.69 and a 12 month high of $104.23. The company’s fifty day moving average price is $97.12 and its two-hundred day moving average price is $87.52. The company has a market capitalization of $66.95 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio 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.