Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in Crh Plc (NYSE:CRH – Free Report) by 190.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 11,932 shares of the construction company’s stock after acquiring an additional 7,824 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in CRH were worth $1,254,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. State Street Corp boosted its stake in CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after purchasing an additional 78,769 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CRH during the fourth quarter worth about $1,476,939,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.
CRH Stock Performance
Shares of CRH stock opened at $107.41 on Friday. Crh Plc has a one year low of $91.22 and a one year high of $131.55. The company has a market cap of $71.77 billion, a P/E ratio of 19.89, a PEG ratio of 1.87 and a beta of 1.32. The firm has a fifty day moving average of $108.49 and a two-hundred day moving average of $114.80.
CRH Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given 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 payout ratio is presently 28.89%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group boosted their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.40.
Check Out Our Latest Analysis 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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