BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $10.63 Million Position in CRH plc (NYSE:CRH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in CRH plc (NYSE:CRH) by 12.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,637 shares of the construction company’s stock after selling 16,965 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CRH were worth $10,631,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust boosted its position in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares during the period. UMB Bank n.a. boosted its position 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 period. CVA Family Office LLC boosted its position in CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after purchasing an additional 128 shares during the period. Lindbrook Capital LLC boosted its position in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares during the period. Finally, Baillie Gifford & Co. boosted its position 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 period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $102.27 on Monday. The stock has a fifty day moving average price of $95.37 and a two-hundred day moving average price of $86.35. CRH plc has a 52-week low of $62.45 and a 52-week high of $104.19. The firm has a market capitalization of $69.46 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.262 per share. The ex-dividend date is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio is currently 37.20%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research reports. Morgan Stanley increased their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. DA Davidson increased their price objective 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 raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. One investment 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target 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.