WINTON GROUP Ltd acquired a new stake in Crh Plc (NYSE:CRH – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,554 shares of the construction company’s stock, valued at approximately $2,191,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Board of the Pension Protection Fund bought a new position in shares of CRH during the 4th quarter valued at $25,000. Harbor Investment Advisory LLC lifted its holdings in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of CRH during the 4th quarter valued at $26,000. Riggs Asset Managment Co. Inc. lifted its holdings in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the period. Finally, Elyxium Wealth LLC bought a new position in shares of CRH during the 4th quarter valued at $37,000. 62.50% of the stock is owned by institutional investors.
CRH Price Performance
NYSE:CRH opened at $105.10 on Monday. The firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The business has a fifty day moving average price of $109.57 and a 200-day moving average price of $116.24.
CRH Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CRH shares. DA Davidson set a $120.00 price target on CRH in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.54.
View Our Latest Research 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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