Quantbot Technologies LP Sells 23,845 Shares of CRH plc (NYSE:CRH)

Quantbot Technologies LP lessened its stake in CRH plc (NYSE:CRH - Free Report) by 45.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,462 shares of the construction company's stock after selling 23,845 shares during the quarter. Quantbot Technologies LP's holdings in CRH were worth $2,640,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in shares of CRH by 32.4% during the third quarter. D.A. Davidson & CO. now owns 8,762 shares of the construction company's stock worth $813,000 after buying an additional 2,144 shares in the last quarter. FMR LLC boosted its position in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the last quarter. Qsemble Capital Management LP grew its stake in shares of CRH by 46.4% during the 3rd quarter. Qsemble Capital Management LP now owns 36,552 shares of the construction company's stock worth $3,390,000 after acquiring an additional 11,590 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CRH in the third quarter valued at approximately $501,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of CRH by 17.0% in the third quarter. Daiwa Securities Group Inc. now owns 72,911 shares of the construction company's stock worth $6,762,000 after purchasing an additional 10,600 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

CRH has been the topic of several recent research reports. DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. Finally, StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. 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 stock. According to MarketBeat, CRH presently has a consensus rating of "Buy" and an average price target of $106.42.

CRH Trading Down 0.9 %

CRH stock traded down $0.93 during mid-day trading on Thursday, hitting $101.94. 3,462,831 shares of the company were exchanged, compared to its average volume of 4,848,918. The business has a 50 day simple moving average of $95.18 and a 200-day simple moving average of $86.18. The stock has a market capitalization of $69.24 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. CRH plc has a 1-year low of $61.51 and a 1-year high of $104.19.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH's dividend payout ratio is presently 37.20%.

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.