Perpetual Ltd lessened its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,336,948 shares of the construction company's stock after selling 451,109 shares during the quarter. CRH makes up about 2.6% of Perpetual Ltd's portfolio, making the stock its 8th biggest holding. Perpetual Ltd owned approximately 0.34% of CRH worth $216,214,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the period. Legal & General Group Plc raised its holdings in shares of CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company's stock worth $361,278,000 after acquiring an additional 4,825,752 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CRH by 515.7% during 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 acquiring an additional 4,274,336 shares during the period. Bank of Montreal Can raised its holdings in shares of CRH by 173.0% during the 2nd quarter. Bank of Montreal Can now owns 2,128,963 shares of the construction company's stock worth $160,183,000 after acquiring an additional 1,349,023 shares during the period. Finally, APG Asset Management N.V. purchased a new position in shares of CRH during the 2nd quarter worth $86,830,000. Institutional investors and hedge funds own 62.50% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Truist Financial lifted their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. DA Davidson 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 Monday, November 11th. Finally, HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective on the stock. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $107.75.
Check Out Our Latest Report on CRH
CRH Price Performance
Shares of CRH stock traded up $1.45 on Tuesday, reaching $99.20. 4,942,987 shares of the company were exchanged, compared to its average volume of 3,374,124. CRH plc has a 1-year low of $68.15 and a 1-year high of $104.23. The company has a market cap of $67.38 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The stock's 50 day moving average price is $97.28 and its 200-day moving average price is $90.94.
CRH Cuts Dividend
The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 22nd. CRH's dividend payout ratio is presently 21.00%.
About CRH
(
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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