Royal London Asset Management Ltd. Has $41.97 Million Holdings in CRH plc (NYSE:CRH)

Royal London Asset Management Ltd. grew its position in CRH plc (NYSE:CRH - Free Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 452,499 shares of the construction company's stock after acquiring an additional 7,718 shares during the period. Royal London Asset Management Ltd. owned 0.07% of CRH worth $41,965,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. raised 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 valued at $25,000 after acquiring an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in CRH in the 3rd quarter worth approximately $25,000. UMB Bank n.a. raised its position in 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 last quarter. Meeder Asset Management Inc. bought a new position in CRH in the 3rd quarter worth approximately $35,000. Finally, Baillie Gifford & Co. raised its position in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRH. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. DA Davidson boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, HSBC assumed coverage on shares of CRH in a research report on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CRH currently has an average rating of "Buy" and an average price target of $106.42.

CRH Trading Up 0.1 %

Shares of CRH stock traded up $0.14 on Friday, hitting $102.98. The stock had a trading volume of 3,686,212 shares, compared to its average volume of 4,810,065. CRH plc has a twelve month low of $62.80 and a twelve month high of $104.23. The firm has a market cap of $69.94 billion, a P/E ratio of 20.60, a PEG ratio of 1.29 and a beta of 1.29. The company has a fifty day moving average price of $96.22 and a two-hundred day moving average price of $86.87.

CRH Cuts Dividend

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

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.