Centiva Capital LP Purchases New Shares in CRH plc (NYSE:CRH)

Centiva Capital LP acquired a new position in shares of CRH plc (NYSE:CRH) in the third quarter, Holdings Channel.com reports. The firm acquired 2,478 shares of the construction company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH during the 3rd quarter worth about $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after acquiring an additional 259 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of CRH in the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. increased its position 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 owned by hedge funds and other institutional investors.

CRH Stock Down 0.2 %

CRH stock opened at $98.65 on Thursday. CRH plc has a 52-week low of $65.06 and a 52-week high of $104.23. The stock has a market cap of $67.00 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. The business has a fifty day moving average of $96.74 and a two-hundred day moving average of $87.36.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s payout ratio is 37.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, HSBC assumed 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. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average price target of $106.42.

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.