Northside Capital Management LLC boosted its stake in shares of Crh Plc (NYSE:CRH – Free Report) by 19.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,493 shares of the construction company’s stock after acquiring an additional 16,428 shares during the period. Northside Capital Management LLC’s holdings in CRH were worth $10,967,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Lazard Asset Management LLC grew its stake in CRH by 4.1% during the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after buying an additional 93,106 shares in the last quarter. 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 valued at $14,881,000 after buying an additional 103,962 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CRH by 33.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after acquiring an additional 752,463 shares during the period. Alphinity Investment Management Pty Ltd boosted its position in shares of 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 worth $541,313,000 after acquiring an additional 137,048 shares in the last quarter. Finally, Mirabaud Asset Management Ltd boosted its position in shares of CRH by 38.2% during the 4th quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after acquiring an additional 27,118 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.
CRH Price Performance
CRH stock opened at $101.14 on Wednesday. The stock has a market cap of $67.29 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.79 and a beta of 1.34. The company has a 50 day simple moving average of $104.45 and a 200 day simple moving average of $110.07. Crh Plc has a 1 year low of $94.11 and a 1 year high of $131.55.
CRH Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is 27.51%.
Analyst Ratings Changes
Several research analysts have commented on CRH shares. Jefferies Financial Group boosted 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. Weiss Ratings raised CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Stephens decreased their price target on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Morgan Stanley restated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $139.44.
Check Out Our Latest Stock Report 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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