CRH plc (NYSE:CRH) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lessened its position in CRH plc (NYSE:CRH) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,772 shares of the construction company’s stock after selling 3,062 shares during the period. Metis Global Partners LLC’s holdings in CRH were worth $2,019,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% during 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. GHP Investment Advisors Inc. increased its stake in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares during the period. Baillie Gifford & Co. grew 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 worth $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of CRH in the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 1.6 %

Shares of NYSE CRH opened at $98.32 on Friday. The company has a market cap of $67.12 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. CRH plc has a 12-month low of $58.57 and a 12-month high of $102.51. The firm’s 50-day simple moving average is $92.51 and its 200 day simple moving average is $84.73.

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 paid a $0.262 dividend. 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 presently 37.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CRH shares. Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. 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 report on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Truist Financial raised their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.