Crossmark Global Holdings Inc. reduced its stake in CRH plc (NYSE:CRH) by 3.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 286,490 shares of the construction company’s stock after selling 9,523 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CRH were worth $13,459,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp lifted its holdings in CRH by 41.8% in the 3rd quarter. State Street Corp now owns 15,593 shares of the construction company’s stock worth $565,000 after purchasing an additional 4,598 shares during the last quarter. Comerica Bank increased its position in CRH by 4.5% in the 4th quarter. Comerica Bank now owns 44,592 shares of the construction company’s stock worth $1,971,000 after buying an additional 1,935 shares during the period. Aperio Group LLC increased its position in CRH by 4.0% in the 4th quarter. Aperio Group LLC now owns 393,708 shares of the construction company’s stock worth $16,764,000 after buying an additional 15,144 shares during the period. Voya Financial Advisors Inc. increased its position in CRH by 11.8% in the 4th quarter. Voya Financial Advisors Inc. now owns 14,041 shares of the construction company’s stock worth $601,000 after buying an additional 1,486 shares during the period. Finally, Mission Wealth Management LP increased its position in CRH by 35.8% in the 4th quarter. Mission Wealth Management LP now owns 8,084 shares of the construction company’s stock worth $344,000 after buying an additional 2,129 shares during the period. Hedge funds and other institutional investors own 4.03% of the company’s stock.
Several research analysts have commented on the company. Societe Generale reaffirmed a “buy” rating on shares of CRH in a research report on Tuesday, March 9th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Tuesday, December 22nd. Royal Bank of Canada cut CRH to a “sector perform” rating and set a $5.00 price objective on the stock. in a research report on Tuesday, February 9th. Berenberg Bank restated a “hold” rating on shares of CRH in a research report on Monday, March 8th. Finally, Canaccord Genuity cut CRH to a “hold” rating and set a $5.10 price objective on the stock. in a research report on Tuesday, February 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.03.
Shares of NYSE:CRH opened at $48.63 on Monday. The business’s fifty day moving average price is $46.60 and its two-hundred day moving average price is $42.48. CRH plc has a fifty-two week low of $26.23 and a fifty-two week high of $48.76. The stock has a market capitalization of $38.12 billion, a price-to-earnings ratio of 19.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.32 and a quick ratio of 1.94.
The business also recently declared a dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Friday, March 19th will be given a $0.5736 dividend. This represents a yield of 2.43%. The ex-dividend date is Thursday, March 18th. CRH’s dividend payout ratio (DPR) is 72.66%.
CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Europe Heavyside, Lightside, and Distribution; Americas Materials and Products and Asia. The Europe Heavyside and Americas Materials segments produce and sell primary materials, including cement, aggregates, ready mixed concrete, asphalt, agricultural and chemical lime.
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