Manning & Napier Advisors LLC grew its position in shares of CRH plc (NYSE:CRH - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,503 shares of the construction company's stock after purchasing an additional 26,438 shares during the quarter. Manning & Napier Advisors LLC's holdings in CRH were worth $12,259,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in shares of CRH in the second quarter valued at about $628,000. Northwestern Mutual Wealth Management Co. increased its position in CRH by 37.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 80,305 shares of the construction company's stock worth $6,021,000 after purchasing an additional 21,900 shares during the period. Quarry LP purchased a new position in shares of CRH during the 2nd quarter worth approximately $49,000. Truist Financial Corp lifted its holdings in shares of CRH by 12.3% in the 2nd quarter. Truist Financial Corp now owns 374,584 shares of the construction company's stock valued at $28,086,000 after buying an additional 40,962 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of CRH by 1.2% in the second quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company's stock valued at $4,088,000 after buying an additional 632 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CRH has been the topic of several research analyst reports. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Hsbc Global Res raised CRH to a "strong-buy" rating in a report on Monday, November 11th. DA Davidson lifted their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective on the stock. Finally, Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $107.75.
View Our Latest Research Report on CRH
CRH Stock Up 1.0 %
Shares of NYSE:CRH traded up $1.01 during midday trading on Thursday, reaching $100.10. The company's stock had a trading volume of 1,165,693 shares, compared to its average volume of 3,055,922. The firm has a market cap of $67.99 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The business has a 50 day moving average price of $97.29 and a 200 day moving average price of $91.97. CRH plc has a 1 year low of $71.18 and a 1 year high of $104.23.
CRH Cuts Dividend
The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH's dividend payout ratio is currently 21.00%.
CRH Profile
(
Free Report)
CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.
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