CRH plc (NYSE:CRH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in shares of CRH plc (NYSE:CRH) by 45.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,462 shares of the construction company’s stock after selling 23,845 shares during the period. Quantbot Technologies LP’s holdings in CRH were worth $2,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC increased its stake in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares during the period. Legal & General Group Plc increased its stake in shares of CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after acquiring an additional 4,825,752 shares during the period. American Century Companies Inc. raised its holdings in CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after purchasing an additional 2,365,589 shares in the last quarter. LGT Group Foundation boosted its stake in CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after purchasing an additional 1,580,527 shares in the last quarter. Finally, Baupost Group LLC MA raised its stake in shares of CRH by 56.0% in the 2nd quarter. Baupost Group LLC MA now owns 4,226,602 shares of the construction company’s stock worth $316,911,000 after buying an additional 1,517,059 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CRH shares. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $106.42.

CRH Stock Down 0.9 %

Shares of CRH stock opened at $101.93 on Thursday. The stock has a market capitalization of $69.23 billion, a P/E ratio of 20.39, a PEG 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 stock has a 50 day moving average price of $95.00 and a two-hundred day moving average price of $86.07.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors 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 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.