Boston Common Asset Management LLC Acquires 102,232 Shares of CRH plc (NYSE:CRH)

Boston Common Asset Management LLC grew its holdings in CRH plc (NYSE:CRH - Free Report) by 77.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,806 shares of the construction company's stock after acquiring an additional 102,232 shares during the quarter. Boston Common Asset Management LLC's holdings in CRH were worth $21,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CRH. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter worth $25,000. UMB Bank n.a. lifted its holdings in shares of CRH by 72.7% during the 3rd 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 period. Meeder Asset Management Inc. bought a new stake in CRH in the third quarter valued at about $35,000. Baillie Gifford & Co. raised its position in CRH by 70.7% in the third 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. Finally, Quarry LP bought a new position in CRH during the second quarter worth about $49,000. Institutional investors own 62.50% of the company's stock.

CRH Trading Up 2.2 %

CRH stock traded up $2.10 during mid-day trading on Friday, hitting $97.69. The stock had a trading volume of 3,858,317 shares, compared to its average volume of 2,316,136. The stock has a market capitalization of $66.35 billion, a PE ratio of 19.54, a P/E/G ratio of 1.00 and a beta of 1.31. CRH plc has a 12 month low of $68.15 and a 12 month high of $104.23. The stock has a 50-day simple moving average of $97.37 and a two-hundred day simple moving average of $90.52.

CRH Cuts Dividend

The business 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. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio (DPR) is presently 21.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on CRH. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 target price for the company. Truist Financial upped their target price 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 shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Finally, DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $107.75.

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.