Natixis Advisors LLC Has $28.49 Million Stake in CRH plc (NYSE:CRH)

Natixis Advisors LLC boosted its stake in CRH plc (NYSE:CRH) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,186 shares of the construction company’s stock after purchasing an additional 32,564 shares during the period. Natixis Advisors LLC’s holdings in CRH were worth $28,488,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CRH. Dupont Capital Management Corp bought a new stake in CRH during the first quarter valued at $13,492,000. Blair William & Co. IL bought a new stake in CRH during the first quarter valued at $290,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in CRH by 2.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 163,733 shares of the construction company’s stock valued at $14,115,000 after acquiring an additional 3,220 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in CRH by 17.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 103,098 shares of the construction company’s stock valued at $8,893,000 after acquiring an additional 15,283 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in CRH by 5.7% during the first quarter. Lake Street Advisors Group LLC now owns 8,545 shares of the construction company’s stock valued at $740,000 after acquiring an additional 459 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $99.66 on Tuesday. CRH plc has a fifty-two week low of $58.57 and a fifty-two week high of $102.51. The stock has a market cap of $67.69 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.43 and a beta of 1.29. The firm’s 50-day simple moving average is $93.07 and its 200 day simple moving average is $85.11.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given 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 32.00%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective 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. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley increased their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $105.55.

About CRH

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.