Robeco Institutional Asset Management B.V. Has $10.63 Million Stake in CRH plc (NYSE:CRH)

Robeco Institutional Asset Management B.V. boosted its holdings in CRH plc (NYSE:CRH - Free Report) by 37.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,618 shares of the construction company's stock after acquiring an additional 30,927 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CRH were worth $10,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in shares of CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock worth $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. grew its stake in shares of CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares during the period. CVA Family Office LLC increased its holdings in shares of CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock worth $567,000 after buying an additional 128 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of CRH by 3.2% in the 2nd quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company's stock worth $450,000 after buying an additional 188 shares during the period. Finally, Farther Finance Advisors LLC grew its position in CRH by 10.3% during the third quarter. Farther Finance Advisors LLC now owns 2,172 shares of the construction company's stock valued at $201,000 after acquiring an additional 202 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 0.0 %

Shares of NYSE:CRH traded up $0.03 during trading on Friday, reaching $100.69. 2,908,741 shares of the company traded hands, compared to its average volume of 4,895,793. CRH plc has a 1-year low of $58.12 and a 1-year high of $102.45. The firm has a fifty day simple moving average of $91.00 and a 200 day simple moving average of $83.83.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, equities analysts expect that CRH plc will post 5.45 EPS for the current fiscal year.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd.

Analyst Ratings Changes

CRH has been the topic of a number of research reports. Truist Financial raised their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday. Citigroup dropped their price objective on shares of CRH from $109.00 to $99.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. DA Davidson upped their target price on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. Finally, StockNews.com cut CRH from a "buy" rating to a "hold" rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $101.90.

CRH Company 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.