Northwest & Ethical Investments L.P. Takes $4.93 Million Position in CRH plc (NYSE:CRH)

Northwest & Ethical Investments L.P. acquired a new position in shares of CRH plc (NYSE:CRH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,164 shares of the construction company's stock, valued at approximately $4,930,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Counselors Inc. raised its position in shares of CRH by 9.4% during the 3rd quarter. Financial Counselors Inc. now owns 6,929 shares of the construction company's stock valued at $643,000 after acquiring an additional 596 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CRH by 515.7% during the third 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 period. Fiduciary Trust Co increased its holdings in CRH by 3.6% in the third quarter. Fiduciary Trust Co now owns 6,612 shares of the construction company's stock valued at $604,000 after purchasing an additional 228 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CRH by 18.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 445,861 shares of the construction company's stock valued at $40,775,000 after buying an additional 68,574 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in CRH by 1,973.0% during the third quarter. Glenmede Trust Co. NA now owns 186,403 shares of the construction company's stock worth $17,287,000 after buying an additional 177,411 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Truist Financial raised their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target for the company. One research 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 company. Based on data from MarketBeat, CRH currently has a consensus rating of "Buy" and a consensus price target of $106.42.

CRH Stock Performance

CRH traded up $0.44 on Friday, reaching $102.38. The company had a trading volume of 2,656,390 shares, compared to its average volume of 4,841,636. The company's fifty day moving average is $95.37 and its 200 day moving average is $86.32. The stock has a market cap of $69.54 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.29 and a beta of 1.29. CRH plc has a fifty-two week low of $62.45 and a fifty-two week high of $104.19.

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 is Friday, November 22nd. This represents a yield of 1.4%. CRH's payout ratio is presently 37.20%.

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.