CRH plc (NYSE:CRH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in shares of CRH plc (NYSE:CRH) by 45.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,462 shares of the construction company’s stock after selling 23,845 shares during the period. Quantbot Technologies LP’s holdings in CRH were worth $2,640,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH in the third quarter valued at about $25,000. UMB Bank n.a. grew its position in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of CRH during the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. lifted its position in shares of 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 in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 0.9 %

CRH opened at $101.93 on Thursday. The company’s 50-day moving average price is $95.00 and its 200 day moving average price is $86.07. CRH plc has a fifty-two week low of $61.51 and a fifty-two week high of $104.19. The firm has a market cap of $69.23 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 37.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRH shares. DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the stock 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 issued a “buy” rating and a $116.00 price target on the stock. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Truist Financial raised their price target 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. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $106.42.

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.