CRH plc (NYSE:CRH) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of CRH plc (NYSE:CRH - Free Report) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,039,560 shares of the construction company's stock after selling 29,166 shares during the period. Swiss National Bank owned about 0.30% of CRH worth $189,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. increased its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock valued at $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its position in 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 in the last quarter. Baillie Gifford & Co. increased its position in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after buying an additional 162 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in CRH during the 2nd quarter valued at about $43,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. HSBC initiated coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price target on the stock. Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. Finally, Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus price target of $105.55.

CRH Trading Up 1.4 %

Shares of NYSE CRH traded up $1.37 during midday trading on Monday, reaching $99.66. 3,124,686 shares of the company were exchanged, compared to its average volume of 4,875,146. CRH plc has a 1 year low of $58.57 and a 1 year high of $102.51. The stock has a fifty day simple moving average of $92.77 and a 200 day simple moving average of $84.97. The stock has a market cap of $67.69 billion, a P/E ratio of 19.66, a PEG ratio of 1.43 and a beta of 1.29.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH's dividend payout ratio is presently 32.00%.

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.