Tokio Marine Asset Management Co. Ltd. Boosts Stock Position in CRH plc (NYSE:CRH)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of CRH plc (NYSE:CRH) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,493 shares of the construction company’s stock after buying an additional 614 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CRH were worth $1,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the 3rd quarter worth $25,000. UMB Bank n.a. increased its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in CRH during the fourth quarter worth about $32,000. Meeder Asset Management Inc. acquired a new position in CRH in the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. grew its stake in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $99.15 on Monday. The stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.08 and a beta of 1.31. The business has a fifty day moving average price of $97.23 and a 200 day moving average price of $92.23. CRH plc has a 12 month low of $71.18 and a 12 month high of $104.23.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were paid a dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 21.00%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. DA Davidson boosted their price objective 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 Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $107.75.

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.