North Dakota State Investment Board bought a new position in Crh Plc (NYSE:CRH – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 23,880 shares of the construction company’s stock, valued at approximately $2,980,000.
A number of other hedge funds also recently bought and sold shares of CRH. NewEdge Advisors LLC lifted its position in CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after buying an additional 5,316 shares during the last quarter. Empowered Funds LLC lifted its position in CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after buying an additional 658 shares during the last quarter. Sivia Capital Partners LLC lifted its position in CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares during the last quarter. Sei Investments Co. lifted its position in CRH by 18.9% in the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after buying an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in CRH by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after buying an additional 2,348 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.
CRH Stock Performance
CRH opened at $103.46 on Tuesday. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55. The stock has a market capitalization of $69.13 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.36. The stock’s 50 day moving average price is $109.43 and its 200-day moving average price is $117.27.
CRH Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s payout ratio is 28.89%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CRH. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Wells Fargo & Company boosted their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.
Check Out Our Latest Stock Analysis on CRH
About CRH
CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.
CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.
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