Vanguard Personalized Indexing Management LLC grew its holdings in shares of Crh Plc (NYSE:CRH – Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,772 shares of the construction company’s stock after acquiring an additional 5,774 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CRH were worth $9,831,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. JFS Wealth Advisors LLC boosted its holdings in CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after acquiring an additional 86 shares during the last quarter. Waddell & Associates LLC grew its stake in CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after purchasing an additional 87 shares during the period. PDS Planning Inc grew its stake in shares of CRH by 2.3% during the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after acquiring an additional 89 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of CRH by 2.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after acquiring an additional 96 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake 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 worth $26,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.
CRH Price Performance
CRH opened at $109.77 on Tuesday. The stock’s 50 day simple moving average is $109.66 and its 200 day simple moving average is $115.96. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The firm has a market cap 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio (DPR) is currently 28.89%.
Analyst Ratings Changes
Several research analysts have recently weighed in on CRH shares. Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Morgan Stanley restated an “overweight” rating and issued a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $139.54.
Check Out Our Latest Report 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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