Ballentine Partners LLC Has $1.68 Million Stock Holdings in CRH plc (NYSE:CRH)

Ballentine Partners LLC grew its holdings in CRH plc (NYSE:CRH) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,124 shares of the construction company’s stock after purchasing an additional 170 shares during the quarter. Ballentine Partners LLC’s holdings in CRH were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of CRH in the 3rd quarter valued at about $35,000. Baillie Gifford & Co. lifted its stake in shares of 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 purchasing an additional 162 shares during the period. Finally, Quarry LP acquired a new position in CRH during the 2nd quarter worth approximately $49,000. 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 research reports. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $107.75.

CRH Trading Up 1.5 %

Shares of NYSE CRH opened at $99.20 on Wednesday. The stock has a fifty day simple moving average of $97.28 and a two-hundred day simple moving average of $90.94. CRH plc has a 1-year low of $68.15 and a 1-year high of $104.23. The firm has a market cap of $67.38 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is 21.00%.

About CRH

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.