Desjardins Global Asset Management Inc. Has $3.20 Million Stock Position in CRH plc (NYSE:CRH)

Desjardins Global Asset Management Inc. reduced its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 52.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,331 shares of the construction company's stock after selling 51,416 shares during the quarter. Desjardins Global Asset Management Inc.'s holdings in CRH were worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in shares of CRH during the third quarter worth about $1,484,901,000. Barclays PLC purchased a new stake in shares of CRH during the third quarter worth about $941,562,000. Invesco Ltd. grew its holdings in shares of CRH by 1,136.3% during the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company's stock worth $469,982,000 after buying an additional 7,892,691 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of CRH in the third quarter worth approximately $418,653,000. Finally, Wellington Management Group LLP acquired a new stake in shares of CRH in the third quarter worth approximately $416,982,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 1.4 %

Shares of NYSE CRH traded down $1.12 during trading on Tuesday, reaching $79.19. 4,216,329 shares of the stock were exchanged, compared to its average volume of 3,673,848. The business's 50-day moving average price is $81.74 and its 200 day moving average price is $69.72. CRH plc has a twelve month low of $47.14 and a twelve month high of $88.00.

CRH Dividend Announcement

The company also recently announced a Variable dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th will be given a dividend of $0.262 per share. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 2%.

Analyst Ratings Changes

Several research firms recently issued reports on CRH. Jefferies Financial Group raised their target price on shares of CRH from $89.70 to $100.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Stifel Nicolaus reaffirmed a "hold" rating and set a $82.00 price target (up from $80.00) on shares of CRH in a research report on Monday. Truist Financial lifted their price target on shares of CRH from $81.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, March 4th. DA Davidson started coverage on shares of CRH in a research report on Friday, January 19th. They set a "buy" rating and a $82.00 price target on the stock. Finally, StockNews.com raised shares of CRH from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $79.31.

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.