CRH plc (NYSE:CRH) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in CRH plc (NYSE:CRH - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,613 shares of the construction company's stock after buying an additional 9,520 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in CRH were worth $17,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in CRH. GHP Investment Advisors Inc. raised its holdings in shares of CRH by 336.4% in 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 in the last quarter. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after buying an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH during the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. increased 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 acquiring an additional 162 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 target price for the company. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Barclays initiated coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. Finally, DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $106.42.

CRH Stock Performance

Shares of CRH stock traded down $0.20 during trading hours on Wednesday, reaching $98.65. The company had a trading volume of 3,803,825 shares, compared to its average volume of 4,814,936. CRH plc has a 12-month low of $65.06 and a 12-month high of $104.23. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.30 and a beta of 1.29. The stock has a fifty day moving average of $96.74 and a 200-day moving average of $87.36.

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