Lmcg Investments LLC lifted its holdings in Crh Plc (NYSE:CRH – Free Report) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,802 shares of the construction company’s stock after buying an additional 7,916 shares during the period. Lmcg Investments LLC’s holdings in CRH were worth $6,497,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its stake in CRH by 12.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after buying an additional 86 shares during the last quarter. Waddell & Associates LLC increased its stake in shares of CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after acquiring an additional 87 shares during the last quarter. PDS Planning Inc increased its stake in shares of CRH by 2.3% in 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 last quarter. Crossmark Global Holdings Inc. raised its holdings 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 raised its holdings 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. Hedge funds and other institutional investors own 62.50% of the company’s stock.
CRH Price Performance
NYSE CRH opened at $102.98 on Thursday. The stock has a market capitalization of $68.81 billion, a P/E ratio of 19.07, a PEG ratio of 1.85 and a beta of 1.32. The firm’s 50-day moving average is $107.79 and its two-hundred day moving average is $114.29. Crh Plc has a 12 month low of $91.22 and a 12 month high of $131.55.
CRH Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s payout ratio is presently 28.89%.
Wall Street Analyst Weigh In
CRH has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Jefferies Financial Group boosted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company reduced their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CRH has an average rating of “Buy” and a consensus target price of $141.19.
Get 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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