KBC Group NV Grows Stock Position in CRH plc (NYSE:CRH)

KBC Group NV boosted its position in CRH plc (NYSE:CRH) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,310,177 shares of the construction company’s stock after buying an additional 89,955 shares during the period. KBC Group NV owned approximately 0.19% of CRH worth $121,218,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after buying an additional 5,889 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 5,610 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the period. Tidal Investments LLC increased its holdings in shares of CRH by 168.7% in the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 13,868 shares in the last quarter. Finally, Transform Wealth LLC lifted its stake in shares of CRH by 10.9% in the fourth quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock valued at $11,633,000 after purchasing an additional 12,363 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.8 %

NYSE:CRH opened at $101.36 on Monday. CRH plc has a 12-month low of $68.76 and a 12-month high of $104.23. The company’s 50-day moving average is $97.35 and its two-hundred day moving average is $91.55. The firm has a market cap of $68.85 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31.

CRH Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on CRH. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, DA Davidson lifted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $107.75.

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.