Nisa Investment Advisors LLC Grows Holdings in CRH plc (NYSE:CRH)

Nisa Investment Advisors LLC increased its holdings in CRH plc (NYSE:CRH) by 25.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 87,570 shares of the construction company’s stock after purchasing an additional 17,731 shares during the period. Nisa Investment Advisors LLC’s holdings in CRH were worth $8,102,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH during the 3rd quarter worth $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of CRH in the 3rd quarter worth 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 in the last quarter. Finally, Quarry LP purchased a new stake in shares of CRH during the 2nd quarter worth about $49,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 0.1 %

Shares of CRH stock opened at $100.42 on Friday. The business has a 50-day moving average price of $97.28 and a 200 day moving average price of $91.19. CRH plc has a fifty-two week low of $68.73 and a fifty-two week high of $104.23. The firm has a market cap of $68.20 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.08 and a beta of 1.31.

CRH Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on CRH shares. HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and an average target price of $107.75.

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.