Janus Henderson Group PLC Acquires 649,993 Shares of CRH plc (NYSE:CRH)

Janus Henderson Group PLC increased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 21.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,688,831 shares of the construction company's stock after purchasing an additional 649,993 shares during the quarter. Janus Henderson Group PLC owned approximately 0.54% of CRH worth $337,477,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust increased its position in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock worth $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. increased 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 valued at $28,000 after buying an additional 125 shares during the period. CVA Family Office LLC increased its holdings in CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock valued at $567,000 after buying an additional 128 shares during the period. Lindbrook Capital LLC increased its holdings in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock valued at $447,000 after buying an additional 135 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in 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 buying an additional 162 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Barclays began 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. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $106.42.

CRH Trading Up 0.8 %

NYSE:CRH traded up $0.86 during mid-day trading on Wednesday, reaching $103.35. The company's stock had a trading volume of 3,463,626 shares, compared to its average volume of 4,821,008. CRH plc has a 12-month low of $62.80 and a 12-month high of $104.19. The firm's fifty day moving average price is $96.03 and its two-hundred day moving average price is $86.75. The stock has a market cap of $70.20 billion, a P/E ratio of 20.67, a PEG ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders 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 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.