Meeder Asset Management Inc. Acquires Shares of 379 CRH plc (NYSE:CRH)

Meeder Asset Management Inc. purchased a new position in shares of CRH plc (NYSE:CRH) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 379 shares of the construction company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CRH. Greenhaven Associates Inc. lifted its holdings in CRH by 0.3% in the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after purchasing an additional 35,209 shares in the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $646,188,000 after acquiring an additional 431,172 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after buying an additional 5,068,682 shares in the last quarter. Legal & General Group Plc grew its position in shares of CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after buying an additional 4,825,752 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after purchasing an additional 2,365,589 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CRH shares. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. DA Davidson lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $106.42.

CRH Stock Performance

NYSE:CRH opened at $100.24 on Thursday. The firm’s 50-day moving average is $93.66 and its 200-day moving average is $85.35. CRH plc has a 52-week low of $59.98 and a 52-week high of $102.51. The company has a market cap of $68.08 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.44 and a beta of 1.29.

CRH Cuts Dividend

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