Polar Asset Management Partners Inc. Buys 24,000 Shares of CRH plc (NYSE:CRH)

Polar Asset Management Partners Inc. raised its holdings in CRH plc (NYSE:CRH - Free Report) by 84.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 52,400 shares of the construction company's stock after acquiring an additional 24,000 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in CRH were worth $4,860,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its stake in shares of 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 acquiring an additional 259 shares during the period. Deseret Mutual Benefit Administrators bought a new position in CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its position in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after purchasing an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of CRH in the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. boosted its stake 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 purchasing an additional 162 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Down 0.5 %

CRH traded down $0.54 during trading on Thursday, hitting $102.83. 3,372,518 shares of the company's stock were exchanged, compared to its average volume of 4,814,847. The stock has a market cap of $69.84 billion, a P/E ratio of 20.57, a PEG ratio of 1.29 and a beta of 1.29. The business's 50 day moving average is $96.22 and its two-hundred day moving average is $86.87. CRH plc has a fifty-two week low of $62.80 and a fifty-two week high of $104.23.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 1.4%. CRH's payout ratio is 37.20%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRH. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Truist Financial lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. HSBC began coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 target price for the company. Finally, StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $106.42.

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.