Martingale Asset Management L P Makes New $1.22 Million Investment in CRH plc (NYSE:CRH)

Martingale Asset Management L P acquired a new position in CRH plc (NYSE:CRH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,193 shares of the construction company's stock, valued at approximately $1,224,000.

Several other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its position in CRH by 33.4% in the 3rd 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 last quarter. Greenhaven Associates Inc. raised its position in CRH by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company's stock worth $1,034,540,000 after purchasing an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp raised its position in CRH by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company's stock worth $646,188,000 after purchasing an additional 431,172 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CRH by 515.7% in 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 purchasing an additional 4,274,336 shares during the last quarter. Finally, Legal & General Group Plc raised its position in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company's stock worth $361,278,000 after purchasing an additional 4,825,752 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRH. 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. HSBC started coverage on CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 target price on the stock. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target on the stock. Truist Financial boosted 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. Finally, DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CRH presently has an average rating of "Buy" and an average target price of $106.42.

CRH Trading Up 0.2 %

Shares of NYSE CRH traded up $0.19 during mid-day trading on Monday, hitting $102.46. The company had a trading volume of 3,269,996 shares, compared to its average volume of 4,834,861. CRH plc has a one year low of $62.80 and a one year high of $104.19. The company has a market capitalization of $69.59 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The firm has a 50-day simple moving average of $95.37 and a two-hundred day simple moving average of $86.35.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid 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 (DPR) is currently 37.20%.

About CRH

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.