Two Sigma Advisers LP Has $21.71 Million Stake in CRH plc (NYSE:CRH)

Two Sigma Advisers LP reduced its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 49.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,100 shares of the construction company's stock after selling 224,500 shares during the quarter. Two Sigma Advisers LP's holdings in CRH were worth $21,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in CRH by 72.7% during the third 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. GHP Investment Advisors Inc. lifted its stake in CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after purchasing an additional 259 shares during the last quarter. Meeder Asset Management Inc. bought a new position in CRH during the third quarter worth $35,000. Finally, Baillie Gifford & Co. lifted its stake in CRH by 70.7% during the third 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. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRH. Truist Financial raised their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price on the stock. Hsbc Global Res upgraded CRH to a "strong-buy" rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $106.42.

CRH Trading Up 0.2 %

NYSE:CRH traded up $0.16 during mid-day trading on Friday, reaching $103.00. 3,686,342 shares of the stock were exchanged, compared to its average volume of 3,737,332. The business has a fifty day moving average price of $96.43 and a 200 day moving average price of $87.05. The firm has a market capitalization of $69.96 billion, a PE ratio of 20.60, a PEG ratio of 1.31 and a beta of 1.29. CRH plc has a 1-year low of $62.80 and a 1-year high of $104.23.

CRH Cuts Dividend

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