Metis Global Partners LLC Sells 3,062 Shares of CRH plc (NYSE:CRH)

Metis Global Partners LLC lessened its holdings in CRH plc (NYSE:CRH) by 12.3% during the third quarter, Holdings Channel reports. The fund owned 21,772 shares of the construction company’s stock after selling 3,062 shares during the period. Metis Global Partners LLC’s holdings in CRH were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Grove Bank & Trust raised its stake in CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. increased its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the period. CVA Family Office LLC increased its position in CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares during the period. Lindbrook Capital LLC increased its position in CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the period. Finally, Baillie Gifford & Co. increased its position in shares of 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 period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRH shares. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Truist Financial lifted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. HSBC started coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Finally, StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $105.55.

CRH Stock Down 1.6 %

NYSE CRH opened at $98.32 on Friday. The company has a market cap of $67.12 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.44 and a beta of 1.29. CRH plc has a 52 week low of $58.57 and a 52 week high of $102.51. The business has a 50 day moving average price of $92.51 and a 200-day moving average price of $84.73.

CRH Cuts Dividend

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

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.