CRH plc (NYSE:CRH) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its stake in CRH plc (NYSE:CRH) by 1,973.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,403 shares of the construction company’s stock after purchasing an additional 177,411 shares during the period. Glenmede Trust Co. NA’s holdings in CRH were worth $17,287,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Cetera Advisors LLC purchased a new position in CRH during the 1st quarter worth $1,277,000. LGT Group Foundation raised its holdings in CRH by 8,189.3% during the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after purchasing an additional 1,580,527 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in CRH by 35.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock valued at $317,778,000 after purchasing an additional 1,114,177 shares in the last quarter. Cetera Investment Advisers boosted its holdings in CRH by 286.4% in the 1st quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock valued at $4,671,000 after purchasing an additional 40,135 shares in the last quarter. Finally, M&G Plc acquired a new position in CRH during the 2nd quarter worth approximately $2,745,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $101.94 on Friday. CRH plc has a 12 month low of $61.51 and a 12 month high of $104.19. The firm has a market capitalization of $69.24 billion, a PE ratio of 20.39, a P/E/G ratio of 1.30 and a beta of 1.29. The company’s 50 day simple moving average is $95.18 and its 200-day simple moving average is $86.18.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd. CRH’s payout ratio is 37.20%.

Analyst Ratings Changes

A number of analysts recently weighed in on CRH shares. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. Finally, StockNews.com raised 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus target price of $106.42.

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.