CRH plc (NYSE:CRH) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of CRH plc (NYSE:CRH) by 17.0% in the third quarter, Holdings Channel.com reports. The fund owned 72,911 shares of the construction company’s stock after buying an additional 10,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CRH were worth $6,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in shares of 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 acquiring an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in CRH during the 3rd quarter valued at $25,000. UMB Bank n.a. raised 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 purchasing an additional 125 shares during the period. Meeder Asset Management Inc. acquired a new stake in CRH during the 3rd quarter valued at $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 valued at $36,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $102.86 on Tuesday. The company has a market capitalization of $69.86 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.28 and a beta of 1.29. CRH plc has a one year low of $61.51 and a one year high of $103.64. The company’s fifty day moving average price is $94.49 and its two-hundred day moving average price is $85.83.

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. DA Davidson boosted 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. HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Truist Financial upped their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.