Pacer Advisors Inc. reduced its stake in Crh Plc (NYSE:CRH – Free Report) by 34.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,814 shares of the construction company’s stock after selling 18,640 shares during the quarter. Pacer Advisors Inc.’s holdings in CRH were worth $3,660,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 worth $14,881,000 after purchasing an additional 103,962 shares during the last quarter. Lazard Asset Management LLC boosted its stake in CRH by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after purchasing an additional 93,106 shares in the last quarter. Principal Financial Group Inc. grew its position in CRH by 33.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock valued at $377,112,000 after purchasing an additional 752,463 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its stake in CRH by 3.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock valued at $541,313,000 after purchasing an additional 137,048 shares in the last quarter. Finally, Mirabaud Asset Management Ltd raised its holdings in CRH by 38.2% in the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after buying an additional 27,118 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
CRH Stock Down 2.4%
Shares of NYSE CRH opened at $97.61 on Friday. The firm’s 50-day moving average price is $104.85 and its 200-day moving average price is $110.52. The company has a market cap of $65.22 billion, a PE ratio of 17.21, a PEG ratio of 1.78 and a beta of 1.34. Crh Plc has a 52-week low of $94.11 and a 52-week high of $131.55.
CRH Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 14th. CRH’s dividend payout ratio (DPR) is 27.51%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Truist Financial reduced their price target on shares of CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $139.44.
Read Our Latest Stock Report on CRH
CRH 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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