Dai ichi Life Insurance Company Ltd Sells 4,194 Shares of CRH plc (NYSE:CRH)

Dai ichi Life Insurance Company Ltd cut its stake in CRH plc (NYSE:CRH) by 8.4% in the third quarter, Holdings Channel reports. The institutional investor owned 45,567 shares of the construction company’s stock after selling 4,194 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in CRH were worth $4,226,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new stake in CRH in the third quarter worth $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. increased its stake in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares during the period. Meeder Asset Management Inc. purchased a new stake in CRH in the third quarter worth $35,000. Finally, Baillie Gifford & Co. increased its stake in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH opened at $102.87 on Wednesday. The business’s 50-day moving average is $94.76 and its two-hundred day moving average is $85.96. CRH plc has a 1 year low of $61.51 and a 1 year high of $103.64. The firm has a market capitalization of $69.87 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29.

CRH Cuts Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on CRH shares. JPMorgan Chase & Co. increased their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley increased their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Truist Financial raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $106.42.

CRH Company 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.