Canada Pension Plan Investment Board Has $83.66 Million Holdings in CRH plc (NYSE:CRH)

Canada Pension Plan Investment Board boosted its holdings in shares of CRH plc (NYSE:CRH) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,115,805 shares of the construction company’s stock after buying an additional 24,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.16% of CRH worth $83,663,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CRH. Janney Montgomery Scott LLC bought a new position in shares of CRH in the 4th quarter valued at approximately $858,000. Wells Fargo & Company MN boosted its holdings in shares of CRH by 13.7% during the 4th quarter. Wells Fargo & Company MN now owns 246,775 shares of the construction company’s stock worth $17,067,000 after buying an additional 29,720 shares during the period. EverSource Wealth Advisors LLC grew its stake in CRH by 30.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock valued at $54,000 after buying an additional 183 shares during the last quarter. TCW Group Inc. raised its holdings in CRH by 0.8% in the 4th quarter. TCW Group Inc. now owns 34,712 shares of the construction company’s stock worth $2,401,000 after acquiring an additional 268 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in CRH by 40.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 84,195 shares of the construction company’s stock worth $5,801,000 after acquiring an additional 24,411 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CRH shares. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Truist Financial upped their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Citigroup cut their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Finally, Stephens assumed coverage on shares of CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Price Performance

CRH stock opened at $92.85 on Friday. The business has a 50 day simple moving average of $84.66 and a 200 day simple moving average of $81.79. The company has a market capitalization of $63.76 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. CRH plc has a one year low of $51.59 and a one year high of $93.07.

CRH (NYSE:CRH) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. Equities analysts anticipate that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be paid a $0.35 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd. CRH’s dividend payout ratio (DPR) is currently 29.72%.

About 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.