Fulton Bank N.A. Grows Stock Holdings in CRH plc (NYSE:CRH)

Fulton Bank N.A. raised its stake in CRH plc (NYSE:CRHGet Rating) by 11.8% during the second quarter, HoldingsChannel.com reports. The fund owned 7,999 shares of the construction company’s stock after purchasing an additional 846 shares during the quarter. Fulton Bank N.A.’s holdings in CRH were worth $279,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Glassman Wealth Services boosted its position in CRH by 65.2% in the 4th quarter. Glassman Wealth Services now owns 651 shares of the construction company’s stock valued at $34,000 after buying an additional 257 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of CRH by 3.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,077 shares of the construction company’s stock worth $374,000 after acquiring an additional 263 shares in the last quarter. Eagle Asset Management Inc. increased its stake in CRH by 3.2% during the 4th quarter. Eagle Asset Management Inc. now owns 11,485 shares of the construction company’s stock valued at $604,000 after purchasing an additional 353 shares in the last quarter. Barden Capital Management Inc. increased its stake in CRH by 2.2% during the 1st quarter. Barden Capital Management Inc. now owns 18,452 shares of the construction company’s stock valued at $739,000 after purchasing an additional 397 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its stake in CRH by 7.0% during the 1st quarter. Personal CFO Solutions LLC now owns 6,155 shares of the construction company’s stock valued at $247,000 after purchasing an additional 404 shares in the last quarter. 5.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Berenberg Bank lowered their price target on shares of CRH from €56.00 ($57.14) to €46.00 ($46.94) in a report on Monday, June 13th. JPMorgan Chase & Co. cut their price objective on shares of CRH from €59.00 ($60.20) to €50.00 ($51.02) and set an “overweight” rating for the company in a research report on Tuesday, September 13th. Citigroup reiterated a “buy” rating on shares of CRH in a research report on Friday, June 17th. Finally, StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 1st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

CRH Stock Up 0.5 %

Shares of CRH stock opened at $35.47 on Monday. The firm’s fifty day simple moving average is $37.22 and its 200-day simple moving average is $38.68. CRH plc has a 12 month low of $33.13 and a 12 month high of $54.54. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 0.40.

CRH Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 9th will be issued a $0.24 dividend. This represents a dividend yield of 3.1%. This is a boost from CRH’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Thursday, September 8th.

CRH Company Profile

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CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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