KBC Group NV Raises Stock Holdings in CRH plc (NYSE:CRH)

KBC Group NV boosted its holdings in shares of CRH plc (NYSE:CRH) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,220,222 shares of the construction company’s stock after purchasing an additional 332,562 shares during the quarter. KBC Group NV’s holdings in CRH were worth $113,163,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CRH. GHP Investment Advisors Inc. grew its position in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter worth $25,000. UMB Bank n.a. increased its position in shares of CRH by 72.7% in the 3rd 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 last quarter. Baillie Gifford & Co. raised its stake 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 purchasing an additional 162 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in CRH in the second quarter worth about $43,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Down 1.0 %

Shares of NYSE CRH opened at $99.18 on Thursday. The stock has a market cap of $67.71 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.45 and a beta of 1.29. The firm’s 50-day simple moving average is $91.92 and its 200 day simple moving average is $84.52. CRH plc has a fifty-two week low of $58.57 and a fifty-two week high of $102.51.

CRH Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is 32.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRH shares. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday. Finally, DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $105.55.

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.