Nisa Investment Advisors LLC lifted its holdings in CRH plc (NYSE:CRH - Free Report) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,570 shares of the construction company's stock after purchasing an additional 17,731 shares during the quarter. Nisa Investment Advisors LLC's holdings in CRH were worth $8,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the 3rd quarter worth $25,000. UMB Bank n.a. grew its position in shares of CRH by 72.7% during the third 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 in the last quarter. Meeder Asset Management Inc. purchased a new position in CRH during the 3rd quarter valued at approximately $35,000. Baillie Gifford & Co. increased its position in CRH by 70.7% in the third 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, Covestor Ltd purchased a new position in shares of CRH in the 3rd quarter worth $58,000. Institutional investors own 62.50% of the company's stock.
Shares of NYSE CRH opened at $100.42 on Friday. CRH plc has a twelve month low of $68.73 and a twelve month high of $104.23. The stock has a market cap of $68.20 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.08 and a beta of 1.31. The stock has a 50 day moving average of $97.28 and a two-hundred day moving average of $91.19.
The firm also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH's dividend payout ratio is presently 21.00%.
Several equities research analysts have recently weighed in on CRH shares. JPMorgan Chase & Co. increased 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. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Truist Financial boosted 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. Finally, Morgan Stanley increased their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. One 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. Based on data from MarketBeat, CRH has an average rating of "Buy" and a consensus target price of $107.75.
View Our Latest Report on 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.
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