Brentview Investment Management LLC Takes $4.03 Million Position in CRH plc (NYSE:CRH)

Brentview Investment Management LLC purchased a new stake in shares of CRH plc (NYSE:CRH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 43,551 shares of the construction company’s stock, valued at approximately $4,029,000. CRH accounts for 2.3% of Brentview Investment Management LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRH. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the third quarter worth about $25,000. UMB Bank n.a. grew its holdings in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of CRH during the fourth quarter worth about $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the third quarter worth about $35,000. Finally, Baillie Gifford & Co. grew its holdings in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CRH currently has a consensus rating of “Buy” and an average target price of $107.75.

CRH Stock Performance

NYSE:CRH opened at $99.15 on Monday. The firm has a market cap of $67.34 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $104.23. The business has a 50 day moving average price of $97.23 and a 200-day moving average price of $92.23.

CRH Cuts Dividend

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

CRH Company 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.