Manning & Napier Advisors LLC Buys 26,438 Shares of CRH plc (NYSE:CRH)

Manning & Napier Advisors LLC raised its position in CRH plc (NYSE:CRH) by 24.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 132,503 shares of the construction company’s stock after buying an additional 26,438 shares during the quarter. Manning & Napier Advisors LLC’s holdings in CRH were worth $12,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRH. Arkadios Wealth Advisors boosted its holdings in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after purchasing an additional 123 shares during the last quarter. UMB Bank n.a. boosted 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 last quarter. CVA Family Office LLC grew its position in shares of CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.5 %

CRH stock opened at $99.04 on Thursday. The stock has a market cap of $67.27 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The stock has a 50-day moving average price of $97.31 and a two-hundred day moving average price of $91.92. CRH plc has a 1 year low of $70.83 and a 1 year high of $104.23.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CRH. Morgan Stanley lifted their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. HSBC began coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. DA Davidson boosted 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. Finally, JPMorgan Chase & Co. increased their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned 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 $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.