100,000 Shares in CRH plc (NYSE:CRH) Acquired by ING Groep NV

ING Groep NV purchased a new stake in CRH plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 100,000 shares of the construction company’s stock, valued at approximately $9,274,000.

Several other institutional investors have also modified their holdings of the business. Cetera Advisors LLC acquired a new position in CRH during the 1st quarter worth $1,277,000. LGT Group Foundation increased its stake in shares of CRH by 8,189.3% during the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after buying an additional 1,580,527 shares during the period. Assenagon Asset Management S.A. raised its holdings in CRH by 35.7% in the second quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock valued at $317,778,000 after acquiring an additional 1,114,177 shares in the last quarter. Cetera Investment Advisers lifted its stake in CRH by 286.4% in the first quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock worth $4,671,000 after acquiring an additional 40,135 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in CRH by 2.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 163,733 shares of the construction company’s stock worth $14,115,000 after acquiring an additional 3,220 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. HSBC assumed coverage on shares of CRH in a report on Monday. They issued a “buy” rating and a $116.00 price objective on the stock. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday. Finally, Morgan Stanley upped their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. One 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $105.55.

CRH Price Performance

Shares of CRH opened at $99.89 on Friday. CRH plc has a 1-year low of $58.57 and a 1-year high of $102.51. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The firm has a 50 day simple moving average of $92.20 and a 200-day simple moving average of $84.62.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given 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 is currently 32.00%.

CRH 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.