Landscape Capital Management L.L.C. Buys New Position in CRH plc (NYSE:CRH)

Landscape Capital Management L.L.C. bought a new stake in shares of CRH plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,263 shares of the construction company’s stock, valued at approximately $210,000.

Other large investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in CRH during the third quarter valued at about $25,000. UMB Bank n.a. boosted its position 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 purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of CRH in the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. boosted its position in shares of 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 during the period. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

CRH has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. HSBC began coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. DA Davidson increased their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley increased their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One research 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $106.42.

CRH Price Performance

CRH opened at $102.86 on Tuesday. The company has a market capitalization of $69.86 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29. The business has a 50-day moving average of $94.49 and a 200-day moving average of $85.83. CRH plc has a fifty-two week low of $61.51 and a fifty-two week high of $103.64.

CRH Cuts Dividend

The firm 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 $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 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.