Decatur Capital Management Inc. Makes New $213,000 Investment in CRH plc (NYSE:CRH)

Decatur Capital Management Inc. purchased a new position in shares of CRH plc (NYSE:CRH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,299 shares of the construction company’s stock, valued at approximately $213,000.

A number of other large investors have also made changes to their positions in CRH. Peapack Gladstone Financial Corp acquired a new stake in shares of CRH in the 3rd quarter worth approximately $229,000. Tidal Investments LLC boosted its position in CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after purchasing an additional 13,868 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CRH in the third quarter valued at $440,000. World Investment Advisors LLC purchased a new position in shares of CRH in the third quarter valued at $209,000. Finally, Sanctuary Advisors LLC raised its stake in shares of CRH by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,760 shares of the construction company’s stock worth $2,916,000 after buying an additional 1,541 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 0.1 %

CRH stock opened at $98.57 on Friday. The stock 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 plc has a 52-week low of $65.69 and a 52-week high of $104.23. The stock’s fifty day simple moving average is $97.12 and its 200-day simple moving average is $87.52.

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 paid a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRH shares. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Barclays started coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. One investment 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 stock. According to MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus target price of $106.42.

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.