Fmr LLC Increases Stock Holdings in CRH plc (NYSE:CRH)

Fmr LLC boosted its position in shares of CRH plc (NYSE:CRH) by 33.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,156,017 shares of the construction company’s stock after acquiring an additional 9,055,354 shares during the period. Fmr LLC owned 5.30% of CRH worth $3,341,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp purchased a new position in shares of CRH during the 1st quarter valued at $13,492,000. B. Riley Wealth Advisors Inc. lifted its stake in CRH by 29.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,361 shares of the construction company’s stock worth $807,000 after purchasing an additional 2,115 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of CRH during the 1st quarter valued at about $216,000. Zimmer Partners LP purchased a new stake in CRH in the first quarter worth approximately $11,700,000. Finally, Woodson Capital Management LP purchased a new position in shares of CRH during the first quarter worth approximately $13,853,000. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the subject of a number of research reports. HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Morgan Stanley lifted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $106.42.

CRH Trading Up 1.4 %

Shares of CRH opened at $102.86 on Tuesday. CRH plc has a 1-year low of $61.51 and a 1-year high of $103.64. The firm’s 50-day moving average price is $94.49 and its 200-day moving average price is $85.83. The firm has a market capitalization of $69.86 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.28 and a beta of 1.29.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH’s payout ratio is 37.20%.

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.