3Chopt Investment Partners LLC raised its holdings in CRH plc (NYSE:CRH - Free Report) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,727 shares of the construction company's stock after acquiring an additional 5,431 shares during the quarter. 3Chopt Investment Partners LLC's holdings in CRH were worth $1,922,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. M&T Bank Corp boosted its position in CRH by 78.8% in the 3rd quarter. M&T Bank Corp now owns 49,825 shares of the construction company's stock valued at $4,620,000 after buying an additional 21,962 shares during the period. LRI Investments LLC grew its stake in CRH by 550.3% in the third quarter. LRI Investments LLC now owns 1,073 shares of the construction company's stock worth $107,000 after purchasing an additional 908 shares in the last quarter. Geller Advisors LLC purchased a new position in CRH during the 3rd quarter worth $929,000. Public Employees Retirement System of Ohio bought a new stake in CRH during the 3rd quarter valued at $30,258,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of CRH by 5.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 193,613 shares of the construction company's stock worth $17,956,000 after buying an additional 9,520 shares during the period. 62.50% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CRH has been the subject of several recent research reports. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. Truist Financial raised their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Morgan Stanley increased their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Finally, Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $106.42.
Check Out Our Latest Stock Analysis on CRH
CRH Trading Down 1.3 %
CRH stock traded down $1.31 during trading on Tuesday, hitting $98.78. The company had a trading volume of 2,610,568 shares, compared to its average volume of 4,809,958. The stock has a market cap of $67.09 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. CRH plc has a 1-year low of $65.06 and a 1-year high of $104.23. The company's 50 day simple moving average is $96.58 and its 200-day simple moving average is $87.24.
CRH Cuts Dividend
The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio is presently 37.20%.
CRH Company Profile
(
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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