Fiduciary Trust Co Has $604,000 Holdings in CRH plc (NYSE:CRH)

Fiduciary Trust Co increased its stake in shares of CRH plc (NYSE:CRH) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,612 shares of the construction company’s stock after buying an additional 228 shares during the quarter. Fiduciary Trust Co’s holdings in CRH were worth $604,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CRH by 18.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 445,861 shares of the construction company’s stock valued at $40,775,000 after acquiring an additional 68,574 shares during the period. Glenmede Trust Co. NA increased its position in shares of CRH by 1,973.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 186,403 shares of the construction company’s stock worth $17,287,000 after purchasing an additional 177,411 shares in the last quarter. Bridgewater Associates LP lifted its holdings in CRH by 325.8% during the 3rd quarter. Bridgewater Associates LP now owns 24,181 shares of the construction company’s stock valued at $2,243,000 after purchasing an additional 18,502 shares during the last quarter. Hardy Reed LLC acquired a new position in CRH in the third quarter valued at about $235,000. Finally, Transamerica Financial Advisors Inc. grew its stake in CRH by 60.3% during the third quarter. Transamerica Financial Advisors Inc. now owns 6,497 shares of the construction company’s stock worth $603,000 after buying an additional 2,444 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $102.27 on Friday. The firm has a 50 day simple moving average of $95.37 and a 200 day simple moving average of $86.35. CRH plc has a fifty-two week low of $62.45 and a fifty-two week high of $104.19. The company has a market cap of $69.46 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

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

Analysts Set New Price Targets

CRH has been the topic of several recent analyst reports. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Finally, Truist Financial raised their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH has a consensus rating of “Buy” and a consensus price target of $106.42.

About CRH

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.