Virtu Financial LLC Invests $3.58 Million in CRH plc (NYSE:CRH)

Virtu Financial LLC purchased a new position in CRH plc (NYSE:CRH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,614 shares of the construction company's stock, valued at approximately $3,581,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Legal & General Group Plc boosted its holdings in CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company's stock worth $361,278,000 after acquiring an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. American Century Companies Inc. grew its stake in shares of CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company's stock worth $348,112,000 after acquiring an additional 2,365,589 shares during the last quarter. Finally, LGT Group Foundation raised its position in shares of CRH by 8,189.3% in the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company's stock valued at $119,955,000 after purchasing an additional 1,580,527 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE:CRH traded up $0.14 during trading on Thursday, reaching $98.76. The stock had a trading volume of 1,705,237 shares, compared to its average volume of 4,801,530. CRH plc has a 1-year low of $65.69 and a 1-year high of $104.23. The stock has a market cap of $67.08 billion, a PE ratio of 19.73, a PEG ratio of 1.30 and a beta of 1.29. The business has a fifty day moving average price of $96.92 and a 200-day moving average price of $87.44.

CRH Cuts Dividend

The company also recently declared 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. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's payout ratio is presently 37.20%.

Analysts Set New Price Targets

Several research firms have recently commented on CRH. Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective on the stock. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. 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. According to data from MarketBeat, CRH currently has an average rating of "Buy" and a consensus target price of $106.42.

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.