Wexford Capital LP acquired a new position in shares of CRH plc (NYSE:CRH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,601 shares of the construction company's stock, valued at approximately $612,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Cetera Investment Advisers grew its stake in shares of CRH by 286.4% in the first quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company's stock worth $4,671,000 after purchasing an additional 40,135 shares in the last quarter. Cetera Advisors LLC acquired a new position in CRH during the 1st quarter valued at about $1,277,000. Csenge Advisory Group raised its position in shares of CRH by 5.8% during the 2nd quarter. Csenge Advisory Group now owns 4,790 shares of the construction company's stock worth $359,000 after buying an additional 262 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CRH in the 2nd quarter worth approximately $5,178,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of CRH in the second quarter valued at approximately $248,000. 62.50% of the stock is owned by institutional investors.
CRH Stock Performance
Shares of NYSE CRH traded up $0.16 during mid-day trading on Friday, reaching $103.00. The company had a trading volume of 3,686,342 shares, compared to its average volume of 3,737,332. CRH plc has a twelve month low of $62.80 and a twelve month high of $104.23. The stock's 50 day moving average is $96.22 and its 200-day moving average is $86.87. The stock has a market capitalization of $69.96 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.29.
CRH Cuts Dividend
The company also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.262 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio is 37.20%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on CRH. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. JPMorgan Chase & Co. raised their target price on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Morgan Stanley raised their price objective on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH has a consensus rating of "Buy" and a consensus price target of $106.42.
Check Out Our Latest Stock Analysis 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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