Landscape Capital Management L.L.C. Invests $210,000 in CRH plc (NYSE:CRH)

Landscape Capital Management L.L.C. acquired a new position in shares of CRH plc (NYSE:CRH) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,263 shares of the construction company’s stock, valued at approximately $210,000.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC acquired a new stake in shares of CRH during the 1st quarter worth approximately $1,277,000. LGT Group Foundation lifted its position in shares of CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after buying an additional 1,580,527 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of CRH by 35.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock worth $317,778,000 after buying an additional 1,114,177 shares during the period. Cetera Investment Advisers lifted its position in shares of CRH by 286.4% during the 1st quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock worth $4,671,000 after buying an additional 40,135 shares during the period. Finally, M&G Plc bought a new position in shares of CRH during the 2nd quarter worth approximately $2,745,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CRH. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $106.42.

CRH Stock Up 1.4 %

CRH stock opened at $102.86 on Tuesday. The company has a market cap of $69.86 billion, a P/E ratio of 20.57, a PEG ratio of 1.28 and a beta of 1.29. CRH plc has a twelve month low of $61.51 and a twelve month high of $103.64. The business has a fifty day moving average of $94.49 and a 200-day moving average of $85.83.

CRH Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. 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.