Barclays PLC Sells 24,516,842 Shares of CRH plc (NYSE:CRH)

Barclays PLC lowered its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 84.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,628,855 shares of the construction company's stock after selling 24,516,842 shares during the period. Barclays PLC owned approximately 0.68% of CRH worth $429,280,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the 3rd quarter worth about $25,000. UMB Bank n.a. grew its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after acquiring an additional 125 shares during the period. GHP Investment Advisors Inc. increased its holdings in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock valued at $25,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of CRH during the third quarter worth approximately $35,000. Finally, Baillie Gifford & Co. lifted its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 2.8 %

Shares of CRH stock traded down $2.91 during trading hours on Monday, hitting $100.09. 7,064,953 shares of the company were exchanged, compared to its average volume of 4,819,580. The firm has a fifty day simple moving average of $96.43 and a 200 day simple moving average of $87.10. CRH plc has a 52-week low of $65.06 and a 52-week high of $104.23. The stock has a market capitalization of $67.98 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.30 and a beta of 1.29.

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 paid 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 37.20%.

Analysts Set New Price Targets

CRH has been the topic of several research reports. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Hsbc Global Res upgraded CRH to a "strong-buy" rating in a research note on Monday, November 11th. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. DA Davidson lifted their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price objective on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. One equities research 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. According to data from MarketBeat.com, the company presently 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.