XTX Topco Ltd Acquires Shares of 4,010 CRH plc (NYSE:CRH)

XTX Topco Ltd bought a new position in CRH plc (NYSE:CRH) during the 3rd quarter, HoldingsChannel reports. The fund bought 4,010 shares of the construction company’s stock, valued at approximately $372,000.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. increased its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of CRH in the third quarter worth approximately $25,000. UMB Bank n.a. raised its holdings in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Meeder Asset Management Inc. bought a new position in CRH during the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. lifted its position in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $98.21 on Tuesday. CRH plc has a fifty-two week low of $65.74 and a fifty-two week high of $104.23. The company has a market capitalization of $66.70 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.25 and a beta of 1.29. The company has a fifty day moving average of $97.49 and a 200 day moving average of $87.88.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is 21.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $106.42.

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.