LMR Partners LLP Invests $21.28 Million in CRH plc (NYSE:CRH)

LMR Partners LLP acquired a new stake in CRH plc (NYSE:CRH - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 229,453 shares of the construction company's stock, valued at approximately $21,279,000.

Other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its position 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 purchasing an additional 125 shares in the last quarter. GHP Investment Advisors Inc. increased its position 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. Baillie Gifford & Co. increased its position in shares of CRH by 70.7% during 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 last quarter. Finally, Rothschild Investment LLC purchased a new stake in CRH during the second quarter worth about $43,000. Institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on CRH shares. Hsbc Global Res upgraded CRH to a "strong-buy" rating in a research note on Monday, November 11th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. DA Davidson lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, HSBC began coverage on CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 target price for the company. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $105.55.

CRH Price Performance

NYSE:CRH traded up $1.09 during mid-day trading on Monday, reaching $99.38. 1,908,951 shares of the company's stock traded hands, compared to its average volume of 4,869,694. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.43 and a beta of 1.29. CRH plc has a 12-month low of $58.57 and a 12-month high of $102.51. The company has a 50 day moving average price of $92.77 and a 200-day moving average price of $84.97.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH's dividend payout ratio (DPR) is currently 32.00%.

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.