CRH plc (NYSE:CRH) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in CRH plc (NYSE:CRH) by 7.1% in the third quarter, HoldingsChannel.com reports. The firm owned 6,374,893 shares of the construction company’s stock after selling 484,978 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in CRH were worth $591,208,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Greenhaven Associates Inc. raised its holdings in CRH by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after buying an additional 35,209 shares during the period. Bank of New York Mellon Corp boosted its stake in CRH by 5.3% in 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 period. Lazard Asset Management LLC grew its position in 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 in the last quarter. Legal & General Group Plc raised its stake in CRH by 36,503.4% during 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 purchasing an additional 4,825,752 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 2,365,589 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock opened at $100.53 on Friday. CRH plc has a one year low of $60.83 and a one year high of $102.51. The company’s fifty day moving average price is $93.93 and its two-hundred day moving average price is $85.46. The company has a market capitalization of $68.28 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.46 and a beta of 1.29.

CRH Cuts Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. DA Davidson boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Truist Financial increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of 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, twelve 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 a consensus price target 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.