Natixis Advisors LLC Increases Stock Position in CRH plc (NYSE:CRH)

Natixis Advisors LLC grew its position in shares of CRH plc (NYSE:CRH - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 307,186 shares of the construction company's stock after purchasing an additional 32,564 shares during the quarter. Natixis Advisors LLC's holdings in CRH were worth $28,488,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock worth $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares during the last quarter. CVA Family Office LLC increased its position in shares of CRH by 2.1% during the third 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 in the last quarter. Lindbrook Capital LLC raised its holdings in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock worth $447,000 after acquiring an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in 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 acquiring an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 0.2 %

CRH traded up $0.18 during mid-day trading on Tuesday, reaching $99.83. 1,828,547 shares of the company traded hands, compared to its average volume of 4,861,545. The stock has a market capitalization of $67.80 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.44 and a beta of 1.29. The company's fifty day moving average price is $93.07 and its 200-day moving average price is $85.11. CRH plc has a 52-week low of $58.57 and a 52-week high of $102.51.

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 given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's payout ratio is 32.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. HSBC started coverage on CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price for the company. Finally, Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $105.55.

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.