Geode Capital Management LLC Has $738.11 Million Position in CRH plc (NYSE:CRH)

Geode Capital Management LLC grew its stake in shares of CRH plc (NYSE:CRH - Free Report) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,985,356 shares of the construction company's stock after acquiring an additional 165,825 shares during the quarter. Geode Capital Management LLC owned about 1.17% of CRH worth $738,113,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its position in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the period. Legal & General Group Plc lifted its holdings in shares of CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company's stock worth $361,278,000 after acquiring an additional 4,825,752 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. American Century Companies Inc. increased its stake in CRH by 103.9% in the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company's stock valued at $348,112,000 after acquiring an additional 2,365,589 shares during the last quarter. Finally, LGT Group Foundation raised its position in CRH by 8,189.3% during the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company's stock valued at $119,955,000 after purchasing an additional 1,580,527 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the topic of several recent analyst reports. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target on the stock. Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. HSBC began coverage on shares of CRH in a report on Monday, November 11th. They issued a "buy" rating and a $116.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, Truist Financial increased their price objective on shares of 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $106.42.

CRH Stock Down 0.1 %

Shares of NYSE CRH traded down $0.05 during trading on Thursday, reaching $98.57. The company had a trading volume of 3,064,904 shares, compared to its average volume of 4,807,643. The stock has a market cap of $66.95 billion, a P/E ratio of 19.73, a PEG ratio of 1.30 and a beta of 1.29. The company's fifty day moving average price is $96.92 and its 200-day moving average price is $87.44. CRH plc has a 12 month low of $65.69 and a 12 month high of $104.23.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. 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.