Ninety One UK Ltd Has $235.73 Million Stock Position in CRH plc (NYSE:CRH)

Ninety One UK Ltd lifted its holdings in CRH plc (NYSE:CRH) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,547,826 shares of the construction company’s stock after purchasing an additional 209,328 shares during the period. Ninety One UK Ltd’s holdings in CRH were worth $235,725,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its position in CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after buying an additional 5,889 shares in the last quarter. Merit Financial Group LLC raised its holdings in CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after acquiring an additional 5,610 shares in the last quarter. Nordea Investment Management AB grew its stake in CRH by 48.2% in the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares in the last quarter. Tidal Investments LLC grew its stake in CRH by 168.7% in the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 13,868 shares in the last quarter. Finally, Transform Wealth LLC increased its position in shares of CRH by 10.9% during the 4th quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock worth $11,633,000 after purchasing an additional 12,363 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 1.4 %

NYSE CRH opened at $98.66 on Wednesday. The company has a market cap of $67.01 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.08 and a beta of 1.30. The company has a 50 day moving average of $97.12 and a 200-day moving average of $92.43. CRH plc has a 1-year low of $71.18 and a 1-year high of $104.23.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRH. DA Davidson raised their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Finally, HSBC initiated coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. One 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 MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $107.75.

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.