UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 4,274,336 Shares of CRH plc (NYSE:CRH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 515.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,103,194 shares of the construction company's stock after purchasing an additional 4,274,336 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.75% of CRH worth $473,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fiduciary Trust Co boosted its position in shares of CRH by 3.6% during the third quarter. Fiduciary Trust Co now owns 6,612 shares of the construction company's stock valued at $604,000 after buying an additional 228 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CRH by 18.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 445,861 shares of the construction company's stock valued at $40,775,000 after acquiring an additional 68,574 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of CRH by 1,973.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 186,403 shares of the construction company's stock valued at $17,287,000 after acquiring an additional 177,411 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of CRH by 325.8% in the third quarter. Bridgewater Associates LP now owns 24,181 shares of the construction company's stock worth $2,243,000 after acquiring an additional 18,502 shares during the period. Finally, Hardy Reed LLC purchased a new position in shares of CRH during the third quarter valued at approximately $235,000. Institutional investors own 62.50% of the company's stock.

CRH Stock Up 0.4 %

NYSE:CRH traded up $0.44 during trading hours on Friday, hitting $102.38. 2,656,390 shares of the stock traded hands, compared to its average volume of 4,841,636. The company has a market cap of $69.54 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. CRH plc has a 1 year low of $62.45 and a 1 year high of $104.19. The stock has a 50 day moving average price of $95.37 and a 200 day moving average price of $86.32.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's dividend payout ratio (DPR) is 37.20%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRH shares. 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. Morgan Stanley raised their price target on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. HSBC assumed coverage on CRH in a report on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective for the company. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price on the stock. Finally, Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target 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.