140 Summer Partners LP lowered its stake in CRH plc (NYSE:CRH - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 585,672 shares of the construction company's stock after selling 19,200 shares during the quarter. CRH comprises approximately 5.9% of 140 Summer Partners LP's holdings, making the stock its 9th largest holding. 140 Summer Partners LP owned 0.09% of CRH worth $54,315,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Greenhaven Associates Inc. lifted its holdings in shares of CRH by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company's stock valued at $1,034,540,000 after acquiring an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp grew its position in CRH by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company's stock worth $646,188,000 after acquiring an additional 431,172 shares in the last quarter. Legal & General Group Plc increased its stake in 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 worth $361,278,000 after acquiring an additional 4,825,752 shares during the last quarter. Finally, American Century Companies Inc. raised its position in CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company's stock valued at $348,112,000 after purchasing an additional 2,365,589 shares during the period. Institutional investors own 62.50% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Truist Financial boosted 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. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 price target on the stock. Finally, Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, CRH currently has an average rating of "Buy" and a consensus target price of $106.42.
View Our Latest Report on CRH
CRH Stock Performance
NYSE CRH traded down $0.93 on Thursday, reaching $101.94. 3,462,831 shares of the stock traded hands, compared to its average volume of 4,848,918. CRH plc has a 12 month low of $61.51 and a 12 month high of $104.19. The company has a fifty day moving average price of $95.00 and a 200-day moving average price of $86.07. The company has a market cap of $69.24 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.30 and a beta of 1.29.
CRH Cuts Dividend
The firm also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH's payout ratio is 37.20%.
CRH Profile
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Free Report)
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.
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