PCJ Investment Counsel Ltd. purchased a new stake in CRH plc (NYSE:CRH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 268,000 shares of the construction company's stock, valued at approximately $24,854,000. CRH accounts for about 7.9% of PCJ Investment Counsel Ltd.'s holdings, making the stock its 2nd largest position.
Several other hedge funds and other institutional investors have also bought and sold shares of CRH. GHP Investment Advisors Inc. raised its stake in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in CRH during the 3rd quarter worth $25,000. UMB Bank n.a. increased its stake in 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 purchasing an additional 125 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of CRH in the 3rd quarter worth approximately $35,000. Finally, Baillie Gifford & Co. increased its holdings in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on the company. Morgan Stanley lifted 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. 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 note on Wednesday. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective on the stock. Finally, Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $106.42.
View Our Latest Stock Analysis on CRH
CRH Trading Down 0.2 %
CRH stock traded down $0.21 during mid-day trading on Wednesday, reaching $99.58. The company's stock had a trading volume of 1,327,698 shares, compared to its average volume of 4,859,757. The business's 50 day moving average price is $93.36 and its 200 day moving average price is $85.25. CRH plc has a 12 month low of $59.98 and a 12 month high of $102.51. The company has a market cap of $67.63 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29.
CRH Cuts Dividend
The firm also recently announced 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 of this dividend is Friday, November 22nd. CRH's dividend payout ratio is 37.20%.
CRH Profile
(
Free Report)
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.
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