CRH plc (NYSE:CRH) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its holdings in shares of CRH plc (NYSE:CRH) by 2.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 61,417 shares of the construction company’s stock after acquiring an additional 1,449 shares during the quarter. Banque Cantonale Vaudoise’s holdings in CRH were worth $5,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in CRH during the third quarter valued at approximately $35,000. Whalen Wealth Management Inc. acquired a new position in CRH during the third quarter valued at approximately $496,000. Caprock Group LLC lifted its position in CRH by 82.5% during the third quarter. Caprock Group LLC now owns 12,543 shares of the construction company’s stock valued at $1,163,000 after buying an additional 5,669 shares in the last quarter. New England Asset Management Inc. raised its stake in shares of CRH by 19.6% during the third quarter. New England Asset Management Inc. now owns 63,351 shares of the construction company’s stock valued at $5,875,000 after purchasing an additional 10,383 shares during the period. Finally, LMR Partners LLP purchased a new stake in shares of CRH during the third quarter valued at approximately $21,279,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRH. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH currently has a consensus rating of “Buy” and an average price target of $105.55.

CRH Price Performance

CRH stock opened at $99.66 on Tuesday. The company has a market cap of $67.69 billion, a PE ratio of 19.93, a P/E/G ratio of 1.44 and a beta of 1.29. The company has a fifty day moving average price of $93.07 and a two-hundred day moving average price of $85.11. CRH plc has a 12 month low of $58.57 and a 12 month high of $102.51.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is 32.00%.

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.