CRH plc (NYSE:CRH) is 140 Summer Partners LP’s 9th Largest Position

140 Summer Partners LP decreased its position in shares of CRH plc (NYSE:CRH) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 585,672 shares of the construction company’s stock after selling 19,200 shares during the quarter. CRH makes up 5.9% of 140 Summer Partners LP’s investment portfolio, making the stock its 9th largest position. 140 Summer Partners LP owned approximately 0.09% of CRH worth $54,315,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CRH. Grove Bank & Trust raised its holdings in CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. lifted its holdings in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC lifted its holdings in CRH by 2.1% during the 3rd 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 in the last quarter. Lindbrook Capital LLC grew its holdings in CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRH. Truist Financial boosted 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 upped their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. HSBC began coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $106.42.

CRH Trading Down 0.9 %

NYSE:CRH opened at $101.93 on Thursday. The company has a market cap of $69.23 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. CRH plc has a 12 month low of $61.51 and a 12 month high of $104.19. The company has a 50 day simple moving average of $95.00 and a two-hundred day simple moving average of $86.07.

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 paid a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 37.20%.

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.