Cerity Partners LLC Invests $429,000 in CRH plc (NYSE:CRH)

Cerity Partners LLC acquired a new position in CRH plc (NYSE:CRHGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,327 shares of the construction company’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Prospera Financial Services Inc acquired a new position in shares of CRH in the 1st quarter worth $32,000. Total Clarity Wealth Management Inc. acquired a new position in shares of CRH in the 2nd quarter worth $47,000. Janiczek Wealth Management LLC grew its holdings in shares of CRH by 291.1% in the 2nd quarter. Janiczek Wealth Management LLC now owns 1,498 shares of the construction company’s stock worth $58,000 after acquiring an additional 1,115 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of CRH by 130.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,756 shares of the construction company’s stock worth $61,000 after acquiring an additional 993 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of CRH by 102.5% in the 2nd quarter. Lindbrook Capital LLC now owns 3,193 shares of the construction company’s stock worth $111,000 after acquiring an additional 1,616 shares during the last quarter. Institutional investors own 5.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on CRH in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. JPMorgan Chase & Co. decreased their target price on CRH from €59.00 ($60.82) to €50.00 ($51.55) and set an “overweight” rating on the stock in a report on Tuesday, September 13th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

CRH Trading Up 1.6 %

Shares of CRH stock opened at $39.66 on Friday. CRH plc has a 1-year low of $31.22 and a 1-year high of $54.54. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $35.08 and its 200-day simple moving average is $36.75.

CRH Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 9th were given a dividend of $0.24 per share. This is a boost from CRH’s previous semi-annual dividend of $0.23. The ex-dividend date was Thursday, September 8th. This represents a yield of 3.1%.

CRH Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CRH plc (NYSE:CRHGet Rating).

Institutional Ownership by Quarter for CRH (NYSE:CRH)

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.