CRH (CRH) Hits New 12-Month Low at $29.02

Crh Plc (NYSE:CRH) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.02 and last traded at $28.83, with a volume of 100692 shares traded. The stock had previously closed at $30.40.

Several research analysts recently issued reports on the stock. Bank of America reiterated a “buy” rating on shares of CRH in a research report on Friday, August 31st. ValuEngine lowered shares of CRH from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. CRH presently has an average rating of “Buy” and a consensus target price of $38.50.

The stock has a market capitalization of $27.45 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.35.

The business also recently announced a special dividend, which was paid on Wednesday, October 3rd. Investors of record on Friday, September 7th were given a $0.2283 dividend. The ex-dividend date of this dividend was Thursday, September 6th. CRH’s dividend payout ratio (DPR) is presently 14.80%.

A number of large investors have recently made changes to their positions in CRH. Checchi Capital Advisers LLC bought a new stake in CRH in the second quarter worth $202,000. Atria Investments LLC bought a new stake in CRH in the second quarter worth $220,000. Raymond James Trust N.A. lifted its stake in CRH by 23.6% in the second quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after purchasing an additional 1,624 shares during the last quarter. First Hawaiian Bank bought a new stake in CRH in the third quarter worth $311,000. Finally, SG Americas Securities LLC lifted its stake in CRH by 108.7% in the second quarter. SG Americas Securities LLC now owns 9,526 shares of the construction company’s stock worth $337,000 after purchasing an additional 4,961 shares during the last quarter. Institutional investors own 4.60% of the company’s stock.

CRH Company Profile (NYSE:CRH)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.

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