Private Advisor Group LLC reduced its position in shares of CRH plc (NYSE:CRH – Free Report) by 25.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,105 shares of the construction company’s stock after selling 1,715 shares during the period. Private Advisor Group LLC’s holdings in CRH were worth $279,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. raised its stake in CRH by 139.0% in the third quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock worth $30,000 after buying an additional 317 shares in the last quarter. KB Financial Partners LLC bought a new position in CRH in the first quarter worth about $30,000. Massmutual Trust Co. FSB ADV bought a new position in CRH in the third quarter worth about $38,000. Allworth Financial LP raised its stake in CRH by 59.3% in the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock worth $42,000 after buying an additional 289 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of CRH by 146.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,029 shares of the construction company’s stock valued at $52,000 after purchasing an additional 611 shares in the last quarter. 8.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CRH. The Goldman Sachs Group began coverage on shares of CRH in a research note on Monday, November 6th. They set a “neutral” rating and a $58.00 target price for the company. Truist Financial began coverage on shares of CRH in a research note on Thursday, December 14th. They set a “buy” rating and a $81.00 target price for the company. DA Davidson began coverage on shares of CRH in a research report on Friday, January 19th. They set a “buy” rating and a $82.00 price target for the company. Citigroup raised their price target on shares of CRH from $75.61 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, StockNews.com downgraded shares of CRH from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.70.
CRH Stock Performance
Shares of CRH stock opened at $73.39 on Wednesday. The company’s fifty day simple moving average is $68.08 and its 200-day simple moving average is $60.99. CRH plc has a 1-year low of $45.79 and a 1-year high of $73.54. The company has a current ratio of 1.34, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.
CRH Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 15th were paid a dividend of $1.08 per share. This represents a dividend yield of 2.2%. The ex-dividend date was Thursday, December 14th. This is a boost from CRH’s previous semi-annual dividend of $0.25.
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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