Dynamic Technology Lab Private Ltd purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,400 shares of the construction company's stock, valued at approximately $501,000.
Several other institutional investors have also recently made changes to their positions in CRH. Grove Bank & Trust lifted its position in CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock valued at $132,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock worth $567,000 after acquiring an additional 128 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock worth $447,000 after purchasing an additional 135 shares during the period. Finally, Baillie Gifford & Co. raised its position in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $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 Trading Up 0.3 %
Shares of CRH stock traded up $0.33 on Friday, reaching $102.27. 2,656,397 shares of the stock were exchanged, compared to its average volume of 4,841,636. The company has a market capitalization of $69.46 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.29 and a beta of 1.29. The business's 50 day moving average price is $95.37 and its 200 day moving average price is $86.35. CRH plc has a twelve month low of $62.45 and a twelve month high of $104.19.
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 $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's payout ratio is currently 37.20%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price target for the company. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Finally, Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $106.42.
Check Out Our Latest Report on CRH
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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