Maryland State Retirement & Pension System decreased its stake in CRH plc (NYSE:CRH - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,690 shares of the construction company's stock after selling 2,559 shares during the quarter. Maryland State Retirement & Pension System's holdings in CRH were worth $3,395,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in CRH by 6,859.4% during the third quarter. Victory Capital Management Inc. now owns 191,105 shares of the construction company's stock valued at $17,723,000 after buying an additional 188,359 shares during the period. CIBC Asset Management Inc increased its holdings in shares of CRH by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 24,510 shares of the construction company's stock valued at $2,273,000 after purchasing an additional 1,274 shares during the period. Thrivent Financial for Lutherans lifted its position in CRH by 40.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,508 shares of the construction company's stock worth $511,000 after buying an additional 1,577 shares in the last quarter. Caprock Group LLC grew its holdings in shares of CRH by 82.5% during the 3rd quarter. Caprock Group LLC now owns 12,543 shares of the construction company's stock valued at $1,163,000 after acquiring an additional 5,669 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in CRH in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 62.50% of the company's stock.
CRH Trading Up 3.5 %
NYSE CRH traded up $3.28 on Monday, reaching $97.93. The company's stock had a trading volume of 18,722,760 shares, compared to its average volume of 5,060,884. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a market cap of $66.29 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The business has a 50-day moving average price of $99.81 and a 200 day moving average price of $96.44.
CRH Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a boost from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. CRH's dividend payout ratio is presently 15.51%.
Analyst Upgrades and Downgrades
CRH has been the topic of a number of recent analyst reports. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $109.64.
Read Our Latest Report on CRH
CRH Company 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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