Principal Financial Group Inc. lessened its stake in shares of CRH plc (NYSE:CRH - Free Report) by 10.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 733,761 shares of the construction company's stock after selling 85,225 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of CRH worth $68,049,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares during the period. State Street Corp raised its position in shares of CRH by 4.9% in the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock worth $1,218,532,000 after acquiring an additional 618,786 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in CRH by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company's stock valued at $1,034,540,000 after buying an additional 35,209 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in CRH by 5.3% in the second 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. 62.50% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:CRH opened at $93.64 on Friday. The company's fifty day moving average price is $97.81 and its 200-day moving average price is $88.25. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.25 and a beta of 1.29. CRH plc has a one year low of $65.74 and a one year high of $104.23.
The company also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were paid a $0.262 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH's dividend payout ratio is presently 21.00%.
CRH has been the subject of several research reports. Morgan Stanley lifted their price target 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. Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price on the stock. DA Davidson increased their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. Finally, HSBC began coverage on CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 target price for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $106.42.
Check Out Our Latest Stock Report on 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.
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