Public Employees Retirement System of Ohio Takes Position in CRH plc (NYSE:CRH)

Public Employees Retirement System of Ohio purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 326,264 shares of the construction company's stock, valued at approximately $30,258,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its position in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. State Street Corp raised its stake in shares of CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock worth $1,218,532,000 after buying an additional 618,786 shares during the last quarter. Greenhaven Associates Inc. grew its stake in CRH by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company's stock valued at $1,034,540,000 after acquiring an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CRH by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company's stock valued at $646,188,000 after acquiring an additional 431,172 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 acquiring an additional 4,274,336 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRH. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Morgan Stanley increased their target price on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price objective on the stock. Finally, Truist Financial boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, November 8th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $106.42.

CRH Stock Down 1.2 %

Shares of CRH traded down $1.24 during mid-day trading on Tuesday, hitting $98.85. The company had a trading volume of 4,724,819 shares, compared to its average volume of 4,818,707. CRH plc has a 1-year low of $65.06 and a 1-year high of $104.23. The business's 50-day simple moving average is $96.58 and its 200-day simple moving average is $87.24. The stock has a market cap of $67.14 billion, a PE ratio of 19.77, a P/E/G ratio of 1.30 and a beta of 1.29.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's payout ratio is 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.