7,757 Shares in CRH plc (NYSE:CRH) Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,757 shares of the construction company's stock, valued at approximately $718,000.

Several other large investors have also made changes to their positions in CRH. AQR Capital Management LLC acquired a new position in CRH in the 2nd quarter valued at approximately $628,000. Northwestern Mutual Wealth Management Co. increased its position in shares of CRH by 37.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 80,305 shares of the construction company's stock valued at $6,021,000 after buying an additional 21,900 shares in the last quarter. Quarry LP bought a new position in shares of CRH during the 2nd quarter valued at about $49,000. Truist Financial Corp increased its position in shares of CRH by 12.3% during the second quarter. Truist Financial Corp now owns 374,584 shares of the construction company's stock worth $28,086,000 after acquiring an additional 40,962 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of CRH by 1.2% in the 2nd quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company's stock valued at $4,088,000 after purchasing an additional 632 shares during the period. Institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Morgan Stanley raised their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Barclays started 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 raised CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $107.75.

CRH Stock Up 0.7 %

NYSE:CRH traded up $0.66 during trading hours on Thursday, reaching $99.75. The company had a trading volume of 2,420,158 shares, compared to its average volume of 3,125,950. CRH plc has a twelve month low of $71.18 and a twelve month high of $104.23. The firm has a market cap of $67.75 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.09 and a beta of 1.31. The business's 50-day simple moving average is $97.29 and its two-hundred day simple moving average is $91.97.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH's payout ratio is currently 21.00%.

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.