CRH plc (NYSE:CRH) Shares Bought by KBC Group NV

KBC Group NV boosted its position in shares of CRH plc (NYSE:CRH - Free Report) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,220,222 shares of the construction company's stock after purchasing an additional 332,562 shares during the quarter. KBC Group NV owned about 0.18% of CRH worth $113,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the third quarter valued at $25,000. UMB Bank n.a. grew its holdings in CRH by 72.7% during 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 in the last quarter. GHP Investment Advisors Inc. increased its position in 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 purchasing an additional 259 shares during the period. Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of CRH in the 2nd quarter worth approximately $43,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. Truist Financial lifted their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Monday. DA Davidson boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research note on Monday. Finally, Morgan Stanley upped their price target on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $105.55.

CRH Stock Performance

CRH stock traded up $0.66 during midday trading on Thursday, reaching $99.84. The stock had a trading volume of 2,726,991 shares, compared to its average volume of 4,881,125. The firm has a fifty day simple moving average of $92.20 and a two-hundred day simple moving average of $84.62. CRH plc has a 52-week low of $58.57 and a 52-week high of $102.51. The stock has a market cap of $68.16 billion, a PE ratio of 19.84, a P/E/G ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

The company 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. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's dividend payout ratio is presently 32.00%.

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.