CRH plc (NYSE:CRH) Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. raised its stake in CRH plc (NYSE:CRH) by 70.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 391 shares of the construction company’s stock after buying an additional 162 shares during the period. Baillie Gifford & Co.’s holdings in CRH were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CRH. Greenhaven Associates Inc. increased its stake in CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after acquiring an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of CRH by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after purchasing an additional 431,172 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of CRH by 35,497.5% during the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after purchasing an additional 5,068,682 shares during the last quarter. Legal & General Group Plc raised its holdings in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after buying an additional 4,825,752 shares during the period. Finally, American Century Companies Inc. lifted its position in CRH by 103.9% in the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday. HSBC started coverage on CRH in a research report on Monday. They set a “buy” rating and a $116.00 price target for the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday. Finally, Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $105.55.

CRH Trading Down 1.0 %

Shares of NYSE:CRH opened at $99.18 on Thursday. CRH plc has a 52 week low of $58.57 and a 52 week high of $102.51. The company’s 50 day moving average is $91.92 and its two-hundred day moving average is $84.52. The company has a market cap of $67.71 billion, a PE ratio of 19.84, a P/E/G ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be paid a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s dividend payout ratio is presently 32.00%.

CRH 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.