ING Groep NV Acquires New Position in CRH plc (NYSE:CRH)

ING Groep NV bought a new position in shares of CRH plc (NYSE:CRH) during the third quarter, HoldingsChannel.com reports. The firm bought 100,000 shares of the construction company’s stock, valued at approximately $9,274,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of CRH by 1.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,879 shares of the construction company’s stock worth $1,844,000 after purchasing an additional 188 shares during the last quarter. Zions Bancorporation N.A. lifted its position in CRH by 14.3% during the third quarter. Zions Bancorporation N.A. now owns 6,809 shares of the construction company’s stock worth $631,000 after buying an additional 852 shares during the period. KBC Group NV lifted its position in CRH by 37.5% during the third quarter. KBC Group NV now owns 1,220,222 shares of the construction company’s stock worth $113,163,000 after buying an additional 332,562 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in CRH by 3.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 241,012 shares of the construction company’s stock worth $22,351,000 after buying an additional 8,426 shares during the last quarter. Finally, Community Bank & Trust Waco Texas purchased a new stake in CRH in the 3rd quarter valued at about $229,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRH has been the topic of several research analyst reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday. Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Truist Financial upped their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. DA Davidson lifted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $105.55.

CRH Stock Up 0.7 %

NYSE CRH opened at $99.89 on Friday. CRH plc has a fifty-two week low of $58.57 and a fifty-two week high of $102.51. The business has a 50 day moving average price of $92.20 and a two-hundred day moving average price of $84.62. The stock has a market cap of $68.19 billion, a PE ratio of 19.98, a P/E/G ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid 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 32.00%.

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.