Crh Plc $CRH Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Crh Plc (NYSE:CRH) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,516,433 shares of the construction company’s stock after selling 40,898 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CRH were worth $125,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRH. Amundi lifted its stake in CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock valued at $627,126,000 after buying an additional 2,550,178 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of CRH by 441.4% in the first quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock worth $154,218,000 after buying an additional 1,197,255 shares during the period. Renaissance Technologies LLC acquired a new position in shares of CRH in the first quarter worth about $79,124,000. Janus Henderson Group PLC increased its position in shares of CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock worth $228,994,000 after acquiring an additional 477,242 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of CRH by 1,838.4% in the second quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company’s stock worth $49,381,000 after acquiring an additional 437,694 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CRH shares. Morgan Stanley started coverage on shares of CRH in a report on Friday, September 11th. They set an “overweight” rating and a $139.00 price target on the stock. Truist Financial set a $120.00 price target on shares of CRH in a research report on Monday. UBS Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday. Barclays lowered their price objective on shares of CRH from $131.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, Rothschild & Co Redburn lowered their price objective on shares of CRH from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $126.13.

CRH Trading Up 6.1%

NYSE:CRH opened at $96.33 on Tuesday. The business’s fifty day moving average price is $87.21 and its 200 day moving average price is $104.08. The firm has a market capitalization of $64.08 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.57 and a beta of 1.31. Crh Plc has a 1-year low of $78.62 and a 1-year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. CRH had a return on equity of 15.76% and a net margin of 9.93%. The firm had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same period last year, the company posted $2.21 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Crh Plc will post 5.48 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 13th. CRH’s dividend payout ratio (DPR) is currently 29.27%.

CRH Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.