Victory Capital Management Inc. Increases Stake in CRH plc (NYSE:CRH)

Victory Capital Management Inc. boosted its position in shares of CRH plc (NYSE:CRH - Free Report) by 6,859.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,105 shares of the construction company's stock after buying an additional 188,359 shares during the period. Victory Capital Management Inc.'s holdings in CRH were worth $17,723,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after buying an additional 259 shares during the period. Deseret Mutual Benefit Administrators bought a new position in CRH in the 3rd quarter worth about $25,000. UMB Bank n.a. increased its position in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of CRH by 70.7% in the 3rd 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, Rothschild Investment LLC bought a new position in CRH during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Trading Up 0.5 %

CRH stock traded up $0.45 during midday trading on Wednesday, hitting $100.24. The stock had a trading volume of 2,722,661 shares, compared to its average volume of 4,865,957. The firm has a market cap of $68.08 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The business has a fifty day moving average price of $93.36 and a two-hundred day moving average price of $85.25. CRH plc has a 1-year low of $59.98 and a 1-year high of $102.51.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued 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 payout ratio is 37.20%.

Analyst Ratings Changes

CRH has been the subject of a number of recent analyst reports. Hsbc Global Res raised CRH to a "strong-buy" rating in a research note on Monday, November 11th. 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 for the company. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. One 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. According to MarketBeat.com, the stock currently has an average 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.