CRH plc (NYSE:CRH) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its position in shares of CRH plc (NYSE:CRH - Free Report) by 81.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,393 shares of the construction company's stock after selling 1,731,570 shares during the quarter. Bank of Montreal Can owned 0.06% of CRH worth $36,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators purchased a new stake in CRH in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after purchasing an additional 259 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of CRH during the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% during 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 during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Price Performance

NYSE CRH traded up $0.33 during trading hours on Friday, hitting $102.27. The company had a trading volume of 2,656,372 shares, compared to its average volume of 4,841,636. CRH plc has a fifty-two week low of $62.45 and a fifty-two week high of $104.19. The company has a market capitalization of $69.46 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.29 and a beta of 1.29. The firm's 50 day moving average is $95.18 and its 200 day moving average is $86.18.

CRH Cuts Dividend

The business also recently declared 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 yield of 1.4%. CRH's dividend payout ratio is currently 37.20%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRH shares. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Hsbc Global Res raised CRH to a "strong-buy" rating in a research note on Monday, November 11th. Morgan Stanley increased 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. Finally, Truist Financial upped their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. 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. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $106.42.

About CRH

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.