Raiffeisen Bank International AG increased its holdings in Crh Plc (NYSE:CRH – Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,985 shares of the construction company’s stock after acquiring an additional 10,446 shares during the quarter. Raiffeisen Bank International AG’s holdings in CRH were worth $12,954,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CRH. Lazard Asset Management LLC boosted its stake in CRH by 4.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after acquiring an additional 93,106 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of CRH by 13.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock worth $35,545,000 after purchasing an additional 38,141 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of CRH in the 2nd quarter valued at about $2,229,000. Mirabaud Asset Management Ltd raised its stake in shares of CRH by 38.2% in the 4th quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock valued at $12,235,000 after purchasing an additional 27,118 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of CRH by 16.5% during the first quarter. Quantinno Capital Management LP now owns 223,644 shares of the construction company’s stock worth $23,507,000 after purchasing an additional 31,603 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
CRH Stock Performance
NYSE CRH opened at $92.12 on Friday. Crh Plc has a one year low of $90.21 and a one year high of $131.55. The company has a 50-day simple moving average of $100.06 and a 200-day simple moving average of $106.58. The firm has a market capitalization of $61.29 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.
CRH Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. CRH’s dividend payout ratio (DPR) is 27.51%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. DA Davidson assumed coverage on CRH in a research note on Monday, August 24th. They set a “buy” rating and a $137.00 price objective on the stock. Truist Financial reduced their target price on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Stephens decreased their target price on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Jefferies Financial Group boosted their price target on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $140.57.
Get Our Latest Research 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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