Financial Counselors Inc. Purchases 596 Shares of CRH plc (NYSE:CRH)

Financial Counselors Inc. raised its position in shares of CRH plc (NYSE:CRH) by 9.4% in the third quarter, Holdings Channel reports. The firm owned 6,929 shares of the construction company’s stock after acquiring an additional 596 shares during the quarter. Financial Counselors Inc.’s holdings in CRH were worth $643,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Legal & General Group Plc lifted its stake in CRH by 36,503.4% during the 2nd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after acquiring an additional 4,274,336 shares during the last quarter. American Century Companies Inc. grew its stake in shares of CRH by 103.9% in the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after acquiring an additional 2,365,589 shares during the period. Finally, LGT Group Foundation raised its holdings 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 valued at $119,955,000 after purchasing an additional 1,580,527 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH stock opened at $102.27 on Friday. CRH plc has a one year low of $62.45 and a one year high of $104.19. The company’s fifty day moving average price is $95.37 and its 200-day moving average price is $86.35. The company has a market capitalization of $69.46 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The firm 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 is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 37.20%.

Wall Street Analysts Forecast Growth

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

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.