BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $10.63 Million Position in CRH plc (NYSE:CRH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in CRH plc (NYSE:CRH - Free Report) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,637 shares of the construction company's stock after selling 16,965 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in CRH were worth $10,631,000 at the end of the most recent reporting period.

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

CRH Stock Up 0.2 %

CRH stock traded up $0.19 during mid-day trading on Monday, hitting $102.46. 3,269,996 shares of the company's stock were exchanged, compared to its average volume of 4,834,861. The company's 50 day simple moving average is $95.37 and its 200-day simple moving average is $86.35. CRH plc has a fifty-two week low of $62.80 and a fifty-two week high of $104.19. The firm has a market capitalization of $69.59 billion, a P/E ratio of 20.49, a PEG ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The business also recently disclosed 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 of this dividend is Friday, November 22nd. CRH's dividend payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 target price for the company. HSBC started coverage on CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Truist Financial boosted their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $106.42.

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.