CRH plc (NYSE:CRH) Shares Bought by HighVista Strategies LLC

HighVista Strategies LLC raised its stake in CRH plc (NYSE:CRH) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,100 shares of the construction company’s stock after purchasing an additional 1,000 shares during the period. HighVista Strategies LLC’s holdings in CRH were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CRH. Grove Bank & Trust raised its position in shares of CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares in the last quarter. UMB Bank n.a. raised its position in shares of 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 acquiring an additional 125 shares in the last quarter. CVA Family Office LLC raised its position in shares of 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 acquiring an additional 128 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after acquiring an additional 135 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRH. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. HSBC assumed coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, DA Davidson lifted their price target on CRH from $110.00 to $120.00 and gave the stock a “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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average target price of $106.42.

CRH Stock Up 0.2 %

NYSE CRH opened at $102.46 on Tuesday. CRH plc has a fifty-two week low of $62.80 and a fifty-two week high of $104.19. The stock has a market cap of $69.59 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The business has a fifty day moving average of $95.37 and a 200-day moving average of $86.35.

CRH Cuts Dividend

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