CRH plc (NYSE:CRH) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of CRH plc (NYSE:CRH) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,493 shares of the construction company’s stock after acquiring an additional 614 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CRH were worth $1,896,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter valued at $25,000. UMB Bank n.a. lifted its position in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in CRH in the fourth quarter valued at $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the third quarter worth about $35,000. Finally, Baillie Gifford & Co. increased its position in shares of CRH by 70.7% during 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 in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $99.15 on Monday. CRH plc has a 1 year low of $71.18 and a 1 year high of $104.23. The stock has a fifty day moving average price of $97.23 and a two-hundred day moving average price of $92.23. The stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.08 and a beta of 1.31.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were issued a $0.262 dividend. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is presently 21.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial raised their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. DA Davidson raised their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price 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. Finally, Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $107.75.

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.