Charles Schwab Investment Management Inc. Has $205.67 Million Stake in CRH plc (NYSE:CRH)

Charles Schwab Investment Management Inc. increased its position in shares of CRH plc (NYSE:CRH) by 25.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,217,655 shares of the construction company’s stock after purchasing an additional 446,363 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CRH were worth $205,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new stake in shares of CRH in the first quarter valued at about $13,492,000. Epoch Investment Partners Inc. acquired a new position in shares of CRH during the 1st quarter worth approximately $12,128,000. Zurich Insurance Group Ltd FI increased its holdings in shares of CRH by 14.4% during the first quarter. Zurich Insurance Group Ltd FI now owns 1,765,271 shares of the construction company’s stock worth $152,261,000 after purchasing an additional 222,507 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of CRH in the first quarter valued at approximately $3,516,000. Finally, Bayberry Capital Partners LP boosted its stake in shares of CRH by 12.2% in the first quarter. Bayberry Capital Partners LP now owns 303,000 shares of the construction company’s stock valued at $26,137,000 after buying an additional 33,000 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

CRH stock opened at $101.40 on Friday. The company has a market capitalization of $68.87 billion, a P/E ratio of 20.28, a PEG ratio of 1.27 and a beta of 1.29. The company has a fifty day moving average price of $94.21 and a 200-day moving average price of $85.63. CRH plc has a 52-week low of $61.45 and a 52-week high of $102.51.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio is currently 32.00%.

Analysts Set New Price Targets

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

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.