Crh Plc $CRH Shares Newly Acquired by M&G PLC

M&G PLC purchased a new position in Crh Plc (NYSE:CRH) in the third quarter, HoldingsChannel reports. The firm purchased 170,252 shares of the construction company’s stock, valued at approximately $14,131,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRH. Amundi raised its stake in CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after acquiring an additional 2,550,178 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of CRH by 441.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock valued at $154,218,000 after purchasing an additional 1,197,255 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of CRH in the 1st quarter valued at $79,124,000. Janus Henderson Group PLC boosted its stake in shares of CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after purchasing an additional 477,242 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of CRH by 1,838.4% in the 2nd quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company’s stock worth $49,381,000 after purchasing an additional 437,694 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Siobhan Talbot acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were purchased at an average price of $94.63 per share, with a total value of $189,260.00. Following the acquisition, the director directly owned 10,507 shares in the company, valued at $994,277.41. The trade was a 23.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their target price on shares of CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. BNP Paribas Exane cut their price target on shares of CRH from $157.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Stephens boosted their price target on shares of CRH from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. UBS Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, November 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of CRH from $159.50 to $126.50 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.97.

CRH Stock Performance

CRH stock opened at $96.74 on Wednesday. The firm has a market cap of $64.35 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.86 and a beta of 1.33. The business’s fifty day moving average is $87.25 and its two-hundred day moving average is $103.30. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same period last year, the company posted $2.21 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Crh Plc will post 5.55 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, November 13th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio is 29.27%.

CRH Company Profile

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.