Public Employees Retirement System of Ohio Buys New Holdings in CRH plc (NYSE:CRH)

Public Employees Retirement System of Ohio purchased a new position in shares of CRH plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 326,264 shares of the construction company’s stock, valued at approximately $30,258,000.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust grew its stake in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. lifted its holdings in 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 buying an additional 125 shares during the last quarter. CVA Family Office LLC lifted its holdings in 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 buying an additional 128 shares during the last quarter. Lindbrook Capital LLC boosted 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. increased its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

CRH stock opened at $100.11 on Tuesday. CRH plc has a 12 month low of $65.06 and a 12 month high of $104.23. The firm has a market capitalization of $67.99 billion, a PE ratio of 20.02, a P/E/G ratio of 1.30 and a beta of 1.29. The company’s 50 day simple moving average is $96.58 and its 200-day simple moving average is $87.24.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CRH. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Truist Financial lifted 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. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. One investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.