Quadrant Capital Group LLC lowered its position in CRH plc (NYSE:CRH – Free Report) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,401 shares of the construction company’s stock after selling 937 shares during the quarter. Quadrant Capital Group LLC’s holdings in CRH were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in CRH during the 1st quarter valued at approximately $98,581,000. Mackenzie Financial Corp acquired a new stake in CRH during the 2nd quarter valued at approximately $53,801,000. Voss Capital LLC acquired a new stake in CRH during the 2nd quarter valued at approximately $50,436,000. Neuberger Berman Group LLC increased its position in CRH by 476.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,094,827 shares of the construction company’s stock valued at $55,643,000 after purchasing an additional 904,901 shares during the period. Finally, Greenhaven Associates Inc. increased its position in CRH by 21.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,090,525 shares of the construction company’s stock valued at $116,505,000 after purchasing an additional 372,480 shares during the period. Institutional investors and hedge funds own 8.21% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on CRH. StockNews.com downgraded shares of CRH from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 13th. Citigroup increased their price target on CRH from $75.61 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, The Goldman Sachs Group initiated coverage on CRH in a report on Monday, November 6th. They issued a “neutral” rating and a $58.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.30.
CRH Price Performance
NYSE CRH opened at $60.21 on Friday. The business has a fifty day simple moving average of $56.06 and a 200 day simple moving average of $54.84. CRH plc has a 12 month low of $38.45 and a 12 month high of $61.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.96.
CRH Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 20th will be given a $0.25 dividend. This represents a yield of 0.4%. The ex-dividend date is Thursday, October 19th.
CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through 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, kerbs, retaining walls, and related patio products; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.
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