Point72 Europe London LLP Acquires 35,863 Shares of CRH plc (NYSE:CRH)

Point72 Europe London LLP lifted its holdings in CRH plc (NYSE:CRH) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,718 shares of the construction company’s stock after acquiring an additional 35,863 shares during the quarter. CRH makes up approximately 3.1% of Point72 Europe London LLP’s holdings, making the stock its 2nd largest holding. Point72 Europe London LLP owned about 0.08% of CRH worth $48,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. GHP Investment Advisors Inc. lifted its holdings in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter worth $25,000. UMB Bank n.a. lifted its holdings 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in CRH during the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. lifted its holdings in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on CRH shares. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. DA Davidson upped their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley upped their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, HSBC assumed coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $106.42.

CRH Stock Up 0.4 %

CRH opened at $102.38 on Friday. CRH plc has a 12 month low of $62.45 and a 12 month high of $104.19. The company has a fifty day simple moving average of $95.37 and a 200 day simple moving average of $86.32. The stock has a market cap of $69.54 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.29 and a beta of 1.29.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given 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 dividend payout ratio is currently 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.