Needham Investment Management LLC lifted its holdings in Crh Plc (NYSE:CRH – Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,700 shares of the construction company’s stock after purchasing an additional 7,700 shares during the period. Needham Investment Management LLC’s holdings in CRH were worth $5,079,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Board of the Pension Protection Fund acquired a new stake in CRH in the fourth quarter valued at approximately $25,000. Harbor Investment Advisory LLC lifted its position in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in CRH in the 4th quarter valued at $26,000. Riggs Asset Managment Co. Inc. grew its stake in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in CRH in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
CRH Stock Up 3.1%
CRH stock opened at $109.77 on Tuesday. The company has a fifty day simple moving average of $109.66 and a 200-day simple moving average of $115.96. The firm has a market capitalization of $73.35 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.85 and a beta of 1.31. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 15th. CRH’s payout ratio is currently 28.89%.
Wall Street Analyst Weigh In
Several research firms have issued reports on CRH. JPMorgan Chase & Co. increased their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company boosted their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued 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.
View Our Latest Analysis on CRH
CRH Company Profile
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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