Glenmede Trust Co. NA raised its stake in shares of CRH plc (NYSE:CRH - Free Report) by 1,973.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,403 shares of the construction company's stock after buying an additional 177,411 shares during the quarter. Glenmede Trust Co. NA's holdings in CRH were worth $17,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its position 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 valued at $25,000 after acquiring an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. boosted its position in shares of CRH by 72.7% during the 3rd 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 during the last quarter. Meeder Asset Management Inc. bought a new position in shares of CRH during the 3rd quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. boosted its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after acquiring an additional 162 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CRH has been the subject of a number of research reports. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. HSBC began coverage on CRH in a research report on Monday, November 11th. They issued a "buy" rating and a $116.00 price target for the company. Barclays began coverage on CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target for the company. Finally, Morgan Stanley raised their price target on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $106.42.
Read Our Latest Report on CRH
CRH Price Performance
Shares of NYSE:CRH traded up $0.44 on Friday, hitting $102.38. 2,656,390 shares of the company's stock were exchanged, compared to its average volume of 4,841,636. CRH plc has a 12 month low of $62.45 and a 12 month high of $104.19. The stock has a market capitalization of $69.54 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The business's 50 day simple moving average is $95.18 and its two-hundred day simple moving average is $86.18.
CRH Cuts Dividend
The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio is currently 37.20%.
About CRH
(
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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