MassMutual Private Wealth & Trust FSB Raises Stock Position in CRH plc (NYSE:CRH)

MassMutual Private Wealth & Trust FSB increased its holdings in shares of CRH plc (NYSE:CRH) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 971 shares of the construction company’s stock after purchasing an additional 150 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CRH were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH in the third quarter worth about $25,000. UMB Bank n.a. boosted its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new stake in CRH in the third quarter valued at approximately $35,000. Baillie Gifford & Co. raised its stake in shares of CRH by 70.7% during the third 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. Finally, Quarry LP acquired a new position in shares of CRH during the second quarter worth $49,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRH has been the topic of several analyst reports. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. 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 began coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Finally, DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 0.1 %

CRH opened at $100.42 on Friday. The company’s 50-day moving average price is $97.28 and its 200 day moving average price is $91.19. CRH plc has a fifty-two week low of $68.73 and a fifty-two week high of $104.23. The firm has a market cap of $68.20 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

CRH Cuts Dividend

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