Payden & Rygel Has $29.81 Million Stock Holdings in CRH plc (NYSE:CRH)

Payden & Rygel grew its holdings in CRH plc (NYSE:CRH) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,400 shares of the construction company’s stock after acquiring an additional 2,600 shares during the quarter. CRH accounts for about 2.3% of Payden & Rygel’s investment portfolio, making the stock its 6th largest holding. Payden & Rygel’s holdings in CRH were worth $29,807,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Dupont Capital Management Corp bought a new position in shares of CRH during the first quarter worth about $13,492,000. Blair William & Co. IL bought a new position in shares of CRH during the first quarter worth about $290,000. Lake Street Advisors Group LLC grew its holdings in shares of CRH by 5.7% during the first quarter. Lake Street Advisors Group LLC now owns 8,545 shares of the construction company’s stock worth $740,000 after buying an additional 459 shares in the last quarter. Pitcairn Co. bought a new position in shares of CRH during the first quarter worth about $241,000. Finally, LGT Group Foundation grew its holdings in shares of CRH by 7.5% during the first quarter. LGT Group Foundation now owns 19,300 shares of the construction company’s stock worth $1,665,000 after buying an additional 1,348 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on CRH shares. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Morgan Stanley raised 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. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus target price of $106.42.

CRH Trading Down 0.1 %

CRH stock traded down $0.05 during trading on Wednesday, reaching $99.74. 432,579 shares of the stock were exchanged, compared to its average volume of 4,855,600. The firm’s 50 day moving average is $93.36 and its 200 day moving average is $85.25. CRH plc has a twelve month low of $59.98 and a twelve month high of $102.51. The firm has a market cap of $67.74 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 37.20%.

CRH Company Profile

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.