Artemis Investment Management LLP Boosts Stock Position in CRH plc (NYSE:CRH)

Artemis Investment Management LLP grew its position in CRH plc (NYSE:CRH) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 675,785 shares of the construction company’s stock after acquiring an additional 58,812 shares during the quarter. Artemis Investment Management LLP owned approximately 0.10% of CRH worth $62,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. Greenhaven Associates Inc. grew its position in CRH by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after buying an additional 35,209 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CRH by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after acquiring an additional 431,172 shares in the last quarter. Putnam Investments LLC grew its holdings in CRH by 3,384.4% during the fourth quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock valued at $469,022,000 after purchasing an additional 6,587,066 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of CRH by 35,497.5% during the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after buying an additional 5,068,682 shares during the period. Finally, Legal & General Group Plc grew its holdings in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after buying an additional 4,825,752 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. Citigroup lowered their price target on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Truist Financial boosted their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Stephens started coverage on shares of CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. Finally, DA Davidson upped their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.70.

CRH Stock Up 0.6 %

Shares of NYSE CRH opened at $89.23 on Wednesday. The firm’s fifty day moving average is $86.87 and its 200 day moving average is $82.33. CRH plc has a 52 week low of $51.59 and a 52 week high of $94.14. The company has a market cap of $61.27 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.33 and a beta of 1.30.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The business had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Equities research analysts anticipate that CRH plc will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, August 23rd were issued a $0.35 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 23rd. CRH’s dividend payout ratio is currently 29.77%.

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.