ING Groep NV Purchases New Shares in CRH plc (NYSE:CRH)

ING Groep NV bought a new stake in CRH plc (NYSE:CRH - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the construction company's stock, valued at approximately $9,274,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dupont Capital Management Corp bought a new position in shares of CRH in the 1st quarter worth approximately $13,492,000. Empowered Funds LLC boosted its stake in shares of CRH by 45.1% during the 1st quarter. Empowered Funds LLC now owns 9,062 shares of the construction company's stock worth $782,000 after acquiring an additional 2,818 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of CRH by 98.5% during the 1st quarter. First Eagle Investment Management LLC now owns 4,101 shares of the construction company's stock valued at $354,000 after acquiring an additional 2,035 shares during the period. Blair William & Co. IL purchased a new stake in shares of CRH in the 1st quarter worth $290,000. Finally, Twin Tree Management LP bought a new position in CRH in the 1st quarter worth $1,101,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock traded down $1.55 during trading on Friday, hitting $98.32. 3,120,836 shares of the company's stock traded hands, compared to its average volume of 4,883,031. The business has a fifty day simple moving average of $92.51 and a 200 day simple moving average of $84.73. CRH plc has a 52 week low of $58.57 and a 52 week high of $102.51. The stock has a market capitalization of $67.12 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The firm 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 dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. HSBC started coverage on CRH in a report on Monday. They set a "buy" rating and a $116.00 price target for the company. Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price for the company. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research report on Monday. Truist Financial raised their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $105.55.

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.