Evelyn Partners Investment Management Europe Ltd decreased its holdings in Crh Plc (NYSE:CRH – Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 220,519 shares of the construction company’s stock after selling 6,331 shares during the quarter. CRH makes up 8.0% of Evelyn Partners Investment Management Europe Ltd’s portfolio, making the stock its 2nd biggest position. Evelyn Partners Investment Management Europe Ltd’s holdings in CRH were worth $23,181,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in CRH during the 4th quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. increased its holdings in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Bell Investment Advisors Inc raised its position in shares of CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of CRH in the 4th quarter valued at approximately $33,000. Finally, Elyxium Wealth LLC purchased a new position in shares of CRH during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
CRH Stock Up 3.0%
Shares of NYSE CRH opened at $102.83 on Tuesday. The stock’s 50 day moving average price is $105.39 and its two-hundred day moving average price is $112.03. Crh Plc has a 52-week low of $93.58 and a 52-week high of $131.55. The stock has a market capitalization of $68.71 billion, a P/E ratio of 19.04, a PEG ratio of 1.72 and a beta of 1.32.
CRH Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is 28.89%.
Analyst Ratings Changes
A number of research firms have recently weighed in on CRH. Wells Fargo & Company decreased their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group raised their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $141.19.
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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