142,500 Shares of Crh Plc $CRH Purchased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. bought a new stake in shares of Crh Plc (NYSE:CRH) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 142,500 shares of the construction company’s stock, valued at approximately $11,799,000.

Other large investors also recently added to or reduced their stakes in the company. Amundi boosted its stake in CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares during the period. Bank of America Corp DE grew its holdings in CRH by 3.8% during the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after buying an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CRH by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock valued at $507,784,000 after buying an additional 297,309 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of CRH by 4.1% during the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after buying an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of CRH by 27.9% during the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after buying an additional 477,242 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Siobhan Talbot bought 2,000 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was purchased at an average cost of $94.63 per share, with a total value of $189,260.00. Following the completion of the purchase, the director owned 10,507 shares of the company’s stock, valued at $994,277.41. This trade represents a 23.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. Truist Financial upped their target price on shares of CRH from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Rothschild & Co Redburn cut their target price on shares of CRH from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Morgan Stanley reduced their price target on shares of CRH from $139.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Jefferies Financial Group decreased their price target on shares of CRH from $159.50 to $126.50 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, Deutsche Bank set a $118.00 price objective on shares of CRH in a report on Friday, October 9th. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.97.

CRH Stock Performance

CRH stock opened at $93.99 on Friday. The firm has a fifty day moving average price of $87.38 and a 200 day moving average price of $103.02. Crh Plc has a fifty-two week low of $78.62 and a fifty-two week high of $131.55. The firm has a market cap of $62.52 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.83 and a beta of 1.33.

CRH (NYSE:CRH) last posted its earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. CRH had a net margin of 9.19% and a return on equity of 15.03%. The firm had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same period in the previous year, the firm posted $2.21 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Crh Plc will post 5.55 EPS for the current year.

CRH Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, November 13th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. CRH’s payout ratio is presently 29.27%.

CRH Profile

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.