Dynamic Technology Lab Private Ltd Acquires New Position in CRH plc (NYSE:CRH)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of CRH plc (NYSE:CRH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,400 shares of the construction company’s stock, valued at approximately $501,000.

A number of other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in shares of CRH by 17.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 72,911 shares of the construction company’s stock valued at $6,762,000 after buying an additional 10,600 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of CRH by 1,814.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,666 shares of the construction company’s stock valued at $155,000 after buying an additional 1,579 shares in the last quarter. Swedbank AB raised its holdings in shares of CRH by 68.7% during the 3rd quarter. Swedbank AB now owns 170,442 shares of the construction company’s stock valued at $15,807,000 after buying an additional 69,418 shares in the last quarter. Pitcairn Co. raised its holdings in shares of CRH by 116.8% during the 3rd quarter. Pitcairn Co. now owns 5,963 shares of the construction company’s stock valued at $553,000 after buying an additional 3,212 shares in the last quarter. Finally, Algert Global LLC purchased a new position in CRH in the 3rd quarter worth approximately $4,392,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRH shares. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Barclays initiated coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Truist Financial upped 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 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $106.42.

CRH Trading Up 0.4 %

NYSE 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 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. The stock’s fifty day moving average price is $95.37 and its 200-day moving average price is $86.32.

CRH Cuts Dividend

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