California Public Employees Retirement System decreased its position in shares of Crh Plc (NYSE:CRH – Free Report) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,223,046 shares of the construction company’s stock after selling 18,065 shares during the period. California Public Employees Retirement System’s holdings in CRH were worth $128,567,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of CRH. Mirae Asset Global Investments Co. Ltd. raised its position in CRH by 680.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares during the last quarter. Pacific Capital Partners Ltd grew its holdings in shares of CRH by 47.1% during the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after purchasing an additional 14,000 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CRH by 33.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after purchasing an additional 752,463 shares during the last quarter. Mirabaud Asset Management Ltd increased its stake in shares of CRH by 38.2% in the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock valued at $12,235,000 after buying an additional 27,118 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its stake in shares of CRH by 3.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock valued at $541,313,000 after buying an additional 137,048 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.
CRH Stock Down 2.5%
Shares of CRH opened at $102.96 on Friday. Crh Plc has a 12-month low of $92.66 and a 12-month high of $131.55. The firm has a market capitalization of $68.80 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.79 and a beta of 1.32. The stock’s fifty day simple moving average is $106.33 and its 200-day simple moving average is $113.25.
CRH Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on CRH shares. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Jefferies Financial Group raised their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Wells Fargo & Company reduced their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $141.19.
Check Out Our Latest 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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