Northwest & Ethical Investments L.P. Purchases Shares of 53,164 CRH plc (NYSE:CRH)

Northwest & Ethical Investments L.P. purchased a new position in shares of CRH plc (NYSE:CRH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 53,164 shares of the construction company’s stock, valued at approximately $4,930,000.

Other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares during the period. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the 3rd quarter worth about $25,000. UMB Bank n.a. grew its stake 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 valued at $28,000 after buying an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH in the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. raised its stake in 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 buying an additional 162 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRH. Truist Financial boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Morgan Stanley upped their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, HSBC started coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $106.42.

CRH Stock Down 0.9 %

Shares of NYSE CRH opened at $101.94 on Friday. The company has a market capitalization of $69.24 billion, a PE ratio of 20.39, a PEG ratio of 1.30 and a beta of 1.29. The stock’s 50 day moving average price is $95.18 and its 200-day moving average price is $86.18. CRH plc has a twelve month low of $61.51 and a twelve month high of $104.19.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders 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 dividend payout ratio is currently 37.20%.

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.